Start A Panasonic Franchise In India as the Company Plans to Open 100 Outlets.
A franchising business is vastly becoming a trend in the business world today. Owning a franchise business opens limitless opportunities. Franchise business offeres you to be your own boss and lead a great lifestyle.
Franchise businesses have gained popularity amongst the crowd over the years. Many business-minded individuals have seen greater potentials for success in franchising rather than starting their own businesses from scratch. This makes the concept of franchising even more powerful. The development of the franchise industry gives more franchisers an increasing opportunity to gain higher profits and revenues.
Profitable and potential are the two words that will correctly represent the current scenario of the Indian business industry. Investing in a franchise business in India with the brand like Panasonic is the most profitable business option. Panasonic provides the wide range of electronic products like televisions, home appliances & consumers electronics in India. Enrich your lifestyle with all these latest products from the company.
Panasonic, the Japanese multinational corporation plans to invest 650 crores on its greenfield plant in Sri City in Andhra Pradesh in May 2020 to commence the working. Eighth in the country, the company expects to complete the new plant within 12 months making it the facility to boost volumes within the country. This will also make it a hub for exports in the region.
This plant setup is also very beneficial for the people looking for employment as it has the potential to provide distinct job opportunities to about 1,800 people.
As a diversified company, it was recently merged with Panasonic Life Solutions, a business focusing on electrical construction materials and Panasonic India, which is their appliance-based division. This will now become Panasonic Appliances, one large and diversified entity for electrical construction, appliances, and other businesses.
Here is what Vivek Sharma, Managing Director of Panasonic Life Solutions India has to say: “Panasonic Life Solutions and Panasonic India merger is expected to close this financial year with revenues of about ₹10,000 crores with an expected growth of about 15% in 2020-21. The officials are also processing to finalize plans for the merger of the Panasonic Appliances business, based in Chennai, which has a revenue of about ₹1,000 crores.”
He further added, “The company is planning to launch 130 Panasonic brand stores across the country for a pan-India location. Also, 100 stores are planned to be set up in 2020-21. All of them to follow the franchise route to be developed .”
“With this merger, we wish to present Panasonic as a single most trusted brand offering a wide variety of products and solutions. More than 8,000 products are there under the Panasonic fold,” Vivek Sharma said.
Franchise Bazar provides you wide range of business opportunities and ideas to buy a franchise in India in affordable range. For more latest updates and news about what's happening in the franchise business stay connected with Francisebazar.com and more regular happenings visit our social media pages.
Why Should I Register?
You are seeking to access information which is provided only to registered members. It takes less than a minute to register and access information on FRANCHISEBAZAR.