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The Japanese electronics giant Panasonic announced its plans to boost its smart factory solutions business in India by integrating its welding business and SMT (Surface Mount Technology) equipment business to become a cohesive Smart Manufacturing Solutions company.
“India is adopting new-age technologies such as 5G, Internet of Things (IoT), Artificial Intelligence and others at a rapid pace and we will only see more investment in these technologies as we move forward,” said Hiroyuki Aota, President and CEO, Global Panasonic Smart Factory Solutions.
“To be able to cater to these growing demands, having the right and smart capabilities in manufacturing will be key, and this is what we are addressing today,” he added.
The company asserts that the smart factory solutions proposition will enable Panasonic to deliver high value-added smart solutions and services along with world-class hardware to the manufacturing industry.
The company aims to achieve 1000-crore in revenue from its smart factory business in the next three years. The solutions and digital manufacturing are expected to contribute 15% to the total smart factory business revenue.
Panasonic is planning to open a technical center for its smart factory solutions. The smart factory solutions mean integrated line management system (ILNB), automated process tracker, digital reporting system and more.
Panasonic’s recently introduced solution ILNB can communicate with the entire line of machinery and can automate up to 70-80% of manual processes, thus improving productivity ensuring quality control and supporting the actual production process. Similarly, the digital reporting system allows real-time access to information helping build agility and overall transparency of systems.
This will act as a strategic base that validates smart factories with customers and be used as a training center. The company is focused on building India as its innovation hub for the world
Manish Sharma, President & CEO of Panasonic India quotes “The key technology to realize a Smart Factory is to connect various types of equipment through the IoT, synchronize them and collect and control data in real time for entire production processes.“