Reports state that the Japanese multinational, Panasonic Corp. is about to create a research and development center in Haryana, India, in order to fuse its designs and the modus operandi of manufacturing refrigerators, air conditioners and washing machines in order to cater to the local needs and tastes. The company aims to develop home appliances for the Indian and Middle Eastern markets at this new center.
Panasonic intends to build a refrigerator plant at the same location for about 2 billion yen ($17.5 million), which will have an annual capacity of about 500,000 units and begin the release of these refrigerators in November 2017.
This trifecta plan also consists of the company partnering with India's Tata Group to establish another design division in Bangalore, where Panasonic will manufacture products to sell in Japan and other Asian markets.
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