Panasonic Global President Reinforces Importance of India Business

Bangalore: Panasonic Corporation President Mr. Kazuhiro Tsuga revealed the strategic outlook for the company in Mumbai which encompassed company restructuring plans and the areas which the group will be focusing on going forward. With these changes, the new management system is expected to speed up decision-making and enable business operations from the viewpoint of customers, with divisions handling everything from product development to manufacturing and sales. In this major initiative to reshape the electronics company, he also talked about the new company vision of creating ‘A Better Life, A Better World’. It is a vision that requires the commitment, involvement and collaboration of all the company’s stakeholders.

Identifying India and Brazil as the centerpiece of the future, Mr. Tsuga emphasized on driving growth by B2C businesses and profitability by focusing on B2B business specific to Energy, Security and devices to service the ever growing infrastructure of Indian market. The key strategy for fueling even more aggressive growth in India is to accelerate product developments and business promotion in order to meet the local needs.

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