Panasonic Corporation’s wholly-owned subsidiary Anchor Electricals today announced commencement of operations at its new manufacturing unit in Haridwar.
“This new manufacturing unit has been set up with an investment of ₹150 crore. It will have production capacity of 25 million units monthly, and is expected to double the installed capacity by financial year 2020,” Anchor Electricals said in a statement.
“The recently constructed manufacturing unit will manufacture a complete range of wiring devices and switchgear among other devices to meet the increasing demand,” it added.