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Business Economy

Panasonic Life Solutions to set up its new manufacturing facility in AP with Rs 600 cr investments

Hyderabad, Jan 25 (UNI) Panasonic Life Solutions India (PLSI), a wholly-owned subsidiary of Panasonic Corporation, on Monday announced the groundbreaking ceremony of its new manufacturing facility in Sri City (Chittoor district), Andhra Pradesh and will commence its operations of manufacturing the electrical appliances by April, 2022.
We are planning to invest INR 600 crore in II phases for the new facility, which will be India’s eighth electrical equipment material production base in India, followed by facilities in the North and West regions, the company said in a release here on Monday
The facility will include a state-of-the-art assembly line of the electrical equipment materials and wiring devices offered by the company.
The company had earlier announced Investment of INR 294.7 crore in phase I and expansion plans to support the infrastructure and increase production capacity in India.
Through this facility, which will be built over 33 acres of land at Sri City, Industrial Park, aims to provide direct employment to at least 600 people in Andhra Pradesh by the year 2022.
Due to the pandemic scenario, the new unit will now commence its operations of manufacturing the electrical appliances by April 2022.
Talking on the occasion Mr. Tetsuyasu Kawamoto, Managing Director, Panasonic Life Solutions India Pvt.Ltd. said, “India is growing exponentially in terms of housing development and, the real estate market, especially in Andhra Pradesh will witness a paradigm shift in the post-pandemic era. The new facility in Sri City, once completed, will help us significantly scale up our productions in India and generate employment opportunities for the locals in Andhra Pradesh.
With a strong commitment towards the government’s vision of ‘AatmaNirbhar Bharat’, the completion of this land will assist in strengthening our relations with the Government of Andhra Pradesh”, he added.
In India, Panasonic Life Solutions has factories in Haridwar which are equipped to cater to the demands of the North, and the factories in Daman and Kutch which cater to the Western markets.
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Glenmark receives 'India Pharma Innovation of the Year' Award from the Govt of India

25 Feb 2021 | 6:57 PM

The prestigious award was conferred by the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.This is the fourth time Glenmark has won an award from the Govt. of IndiaThe Award recognizes Glenmark's multiple patents and commercialized innovations over the last three yearsMUMBAI, India, Feb. 25, 2021 /PRNewswire/ -- Glenmark Pharmaceuticals, a research-led, global integrated pharmaceutical company, today received the "India Pharma Innovation of the Year" award, as part of the India Pharma & India Medical Device Awards 2021. The 6th edition of the annual awards is jointly organized by the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, The Federation of Indian Chambers of Commerce & Industry (FICCI) and Invest India.

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Eka enhances CTRM and launches new solutions to accelerate digital transformation for commodities and direct materials

25 Feb 2021 | 6:55 PM

Eka brings together people, processes, and technology on its cloud platform with new CTRM, e-sourcing, sustainability, and supply chain solutions
NEW YORK, Feb. 25, 2021 /PRNewswire/ -- Eka Software Solutions, the leading cloud platform for commodities and direct materials announced new offerings on its Cloud Platform to help customers improve business resiliency. Spanning across CTRM, E-sourcing, Sustainability and Direct Material Procurement, the new solutions digitize key business processes that support new ways of working; bringing people, processes, and technology together.

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25 Feb 2021 | 6:53 PM

- COVID-19 spurs 57% of Indian enterprises to increase RPA spend
BENGALURU, India, Feb. 25, 2021 /PRNewswire/ -- Nearly half of all businesses in India will implement robotic process automation (RPA) by 2024, according to a new IDC study commissioned by Automation Anywhere, a global leader in RPA. Triggered by COVID-19, the study further anticipates that RPA adoption rates will increase by 57% in just the next year.

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Godrej's lifestyle platform Godrej L'Affaire forays into social commerce, feature its own and external lifestyle brands

25 Feb 2021 | 6:49 PM

MUMBAI, India, Feb. 25, 2021 /PRNewswire/ -- Godrej L'Affaire, a lifestyle experiential platform from conglomerate Godrej Group, forays into social commerce, through which lifestyle brands will be plugged in content on its social media assets enabling consumers to make direct purchases from brands. For this, L'Affaire has listed over 40 lifestyle brands including Godrej as well as external non-competing one's. Started on February 14, the brands are featured under #LiveItUp sale as part of a larger digital lifestyle experiential by L'Affaire on social media platforms like Facebook and Instagram. The #LiveItUp sale ends on February 28.

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SVKM's NMIMS School of Business Management, Mumbai, Invite Applications for Its Specialized MBA programs

25 Feb 2021 | 6:45 PM

- Admissions open for MBA (Law), MBA (Real Estate Management), MBA (Part-Time), MBA (Part-Time) Social Entrepreneurship and Diploma in Social Entrepreneurship
MUMBAI, India, Feb. 25, 2021 /PRNewswire/ -- SVKM's NMIMS, a leading educational institute with a legacy of 40 years, invites applications for its highly-regarded specialized MBA programs at School of Business Management (SBM) in Mumbai. The courses on offer are MBA (Law), MBA (Real Estate Management), MBA (Part-Time), MBA (Part-Time) Social Entrepreneurship and Diploma in Social Entrepreneurship.

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