Panasonic Global President Reinforces Importance Of India Business
Bangalore: Panasonic Corporation President 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, 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.
Addressing the media, Kazuhiro Tsuga, President and Member of the Board of Directors, Panasonic Corporation said, “Always making "people" central to our activities, and thereby focusing on "people’s lives," we will continue to provide better living for our customers. This is the unchanging commitment we at Panasonic have had over many years and we are aiming to pursue the concept of "A Better Life a Better World," meeting the needs of each individual customer. We will leverage the strengths that we at Panasonic have long developed, and the strengths of our business partners who have in-depth expertise in each space, and will work to combine these strengths to create new value. As we continue to carry out these activities, we will make a robust recovery as a unique company, a company unlike any other in the world.”
Talking about India he added, “I am highly inspired by India’s vibrant energy and high market potential. As people here are truly committed to the Panasonic business– this has cascaded in our commitment and focus for the region. India is a high growth market for us globally; hence we are planning investment in this region on products, talent, marketing and manufacturing. There will be a sound focus on local manufacturing and expansion of production processes and the company will continue focusing on developing India-specific product innovations as well as Eco and Smart Solutions catering to domestic needs. Despite the consumer durables segment being challenging, Panasonic has successfully made inroads into household in India and with the implementation of the new management plan, we are sure that Panasonic will evenly grow in the enterprise segment as well”.
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