ALSO READPrasad promises new digital policies to make India $1-trn digital economy Digital economy to offer 5-7 mn job opportunities: Ravi Shankar Prasad Digital economy can reach $4 trn in 4 years: Tech sector tells govt Panasonic aims to sell 500,000 smartphones this Diwali India eyeing to become a trillion-dollar digital economy by 2022
Emerging from the 20-minute meeting, Tsuga said the company is expanding its business and manufacturing activities in India.
"In manufacturing, we are now trying to open the refrigerator factory (in the) beginning of next year. We also recently opened the innovation centre which is like and Research and Development (R&D) centre," Tsuga told PTI.
Besides, the company will seek to tap opportunities in business-to-business solutions in India.
"We are quite happy to expand our business," he added.
Panasonic officials said that Tsuga's meeting with the IT Minister was a courtesy call aimed at providing an update on the company's activities, including manufacturing, in India.
Asked if the company would infuse more investments into India, Tsuga said, "Sure, yes".
In the consumer electronics segment, the company has its eyes on becoming a significant player in segments like professional cameras and mobile handsets. Its portfolio also includes home entertainment, home appliances and air conditioners.