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Japanese multinational electronics giant have now announced its first India Innovation Centre (IIC) in Bengaluru. The centre will be first such in India and the third globally.

Panasonic India has tied up with Indian IT firm Tata Consultancy Services Ltd (TCS) for the innovation centre, which will focus on developing technologies in the field of Internet of Things (IoT), mobility and artificial intelligence.

Panasonic will invest Rs240 crore over the next five years in the centre and aims to employ around 60 people within a year, including existing employees from both TCS and Panasonic India.

Notably, Panasonic India is a key player in the entire ISAMEA (India, South Asia, Middle East & Africa) who are into transforming its business model to offer disruptive technologies in the field of IoT, Mobility, Artificial Intelligence etc.

Mr. Manish Sharma, President, and CEO, Panasonic India and South Asia and Vice President Appliances Company Panasonic Corporation says,”Our association with TCS, a credible and global name in Engineering R&D and Information Technology space, will open up new dimensions and modernize technological thinking.” “The India Innovation Centre will provide an environment to reimagine and incubate ideas across the key focus areas for Panasonic i.e., connected home/community, mobility, energy, industrial and finance solutions,” he adds.

“The India Innovation Centre will provide an environment to reimagine and incubate ideas across the key focus areas for Panasonic i.e., connected home/community, mobility, energy, industrial and finance solutions,” he adds.

Panasonic’s other innovation centres are in Japan and the US – both of which were set up last April. The firm’s innovation centres function independently from its Centre of Excellence (CoEs).

Las month, Panasonic in partnership with Tata Elxsi opened its R&D centre in Bengaluru to boost AI-based innovations in India.

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