Financial Daily from THE HINDU group of publications
Thursday, Aug 25, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Corporate - Outlook


Matsushita eyes India for eco-friendly goods

Moumita Bakshi Chatterjee
Thomas K Thomas


BIG PLANS AHEAD: Mr Yoichi Morishita, Chairman of Matsushita Electric. — Ramesh Sharma

New Delhi , Aug 24

CONSUMERS could soon get a respite from high electricity bills for using consumer durable goods. Japanese electric major Matsushita Electric Industrial Co Ltd is exploring the possibility of bringing its Panasonic brand environment friendly electric goods range to India, including energy saving washing machines and refrigerators.

The company is also exploring the possibility of collaborating with Indian software companies for developing mobile applications in the country to tap the booming cellular market.

Mr Yoichi Morishita, Chairman of the board, Matsushita Electric Industrial, told Business Line, "One of the areas that we are looking at is launching eco-friendly items that will enable consumers to save energy and labour costs. For example, we plan to bring washing machines and refrigerators that consume less power. These are selling very well in Japan, Europe and the US."

Mr Morishita, however, added that the company would explore the readiness of Indian market before launching the products. He also said that it was up to the Indian Government to promote introduction of such products with favourable policy initiatives. However, no specific time frame was set for the launch of the eco-friendly products.

Matsushita plans to strengthen its marketing and distribution network for Panasonic in India and is eyeing the flat screen TV segment.

"Our priority is to strengthen marketing initially and then look at investing in production of TV and household appliances. Our strategy is to introduce technology driven products in India to strengthen brand image," Mr Morishita said on the sidelines of the first meeting of the India-Japan ICT Ministerial forum.

"I see India as potentially the fastest growing market in the world. We have a huge role in the country. Through the Panasonic product line we can supply convenient items to improve the quality of life," the Chairman said.

Mr Morishita, who is also the Chairman of Asian Broadband Committee, said that a host of Japanese companies from sectors such as communication, carrier, manufacturing and service provider were part of the visiting delegation to India.

"Each of these companies has their own plans to promote broadband and networking in India. As a unified intention of the group we hope to promote broadband network in the country," he said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Posco to pump in $50-m FDI


NDTV's foreign holding could touch 26 pc
Iran oil co not to exit CPCL
Hero Honda to foray into scooter segment
L&T to rebuild Kensington Oval in Barbados
UltraTech Cement allots Rs 600 cr for captive power plants
Clarification
TCG-Bengal Govt fallout precedes IOC's induction into Haldia Petro
RoC served show-cause on HPL board members
Reliance to raise $348-m term loan
`Brand-repair' a major issue for drug cos: KPMG
Toyota, TERI to set up model to study urban pollution
Mangalore Chem eco campaign
Motorola to hire 1,000 more
Tata AutoComp to acquire German co
Tata Steel board okays new plant in Jharkhand
Bittersweet fruits of incorporation
TELK in talks with BHEL for tie-up
Aspen Comm initiates social projects
Equity participation in projects — HPCL mulls `chain offer' concept
Toyota Kirloskar still keen on small car project
Creamline Dairy aims at Rs 220-cr turnover
Whirlpool of India hopes to cut losses this fiscal
Rane Brake eyeing commercial aviation
Matsushita eyes India for eco-friendly goods
RINL net profit up 30 pc in 2004-05
S.K. Goyal to head BHEL Corporate R&D division


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line