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Panasonic lays the foundation stone for its first refrigerator plant

By Swati Deshpande,

Added 29 March 2017

Plant to be located in Jhajjar, Haryana

Panasonic India recently laid the foundation stone of its First Refrigerator Plant in Jhajjar, Haryana. Manohar Lal Khattar, Hon'ble Chief Minister of Haryana, Om Prakash Dhankar Agriculture Minister, Haryana and Devender Singh, Principal Secretary Industries, Haryana, Sudhir Rajpal, MD-HSIIDC, were present at the occasion along with Manish Sharma, President & CEO, Panasonic India and South Asia, Hisao Yamane- Managing Director Appliances Company (APIN) and Saurabh Rawat- Divisional Head APIN, with other senior Panasonic representatives. The refrigerator plant will manufacture Top and Bottom-mounted refrigerators comprising of unique features such as energy-saving, long-lasting freshness and design, to address the local demands.

With an annual production capacity of approximately 500,000 units the new plant will be spread across 10,000 sq. meters and will manufacture refrigerators comprising of unique features such as energy-saving, long-lasting freshness and design. The company plans to invest Rs 115 crores and shall create a comprehensive eco system for manufacturing appliances in the Indian market. The operations will begin from January 2017 and sales for the will commence from April 2018 in India.

Manohar Lal Khattar, Chief Minister of Haryana commented, "Haryana's robust and resilient economy has made it one of north India's most preferred industrial corridors. Ranked 14th, amongst the states w.r.t to GSDP contribution, we have taken major initiatives to improve the 'Ease of Doing Business' by simplification of procedures, minimizing of waiting period, improvement of business environment and introduction of information technology to make governance more efficient and effective. We encourage the contributions made by corporations such as Panasonic that have holistically developed the society and by extension, the nation. To facilitate industrialisation and promote employment Haryana has already set an ambitious plan and has allotted 692.42 crore to the Industries Sector for implementation of New Entrepreneur Policy, 2015 during 2016-17."

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