Panasonic sets up R&D units with TCS, Tata Elxsi for IoT Smart Solution Development

Japanese consumer electronics major Panasonic has engaged with Indian IT and engineering services providers Tata Consultancy Services (TCS) and Tata Elxsi to develop smart solutions and products for customers in India and neighbouring countries.

Panasonic will invest over five years for developments in areas such as connected home appliances, mobility, energy, storage solution and security.
 
“This investment is about 10 per cent of our revenue expectations from the new businesses in India, South Asia, West Asia and Africa,” said Manish Sharma, president and chief executive officer of Panasonic India and South Asia. Read the full article here.