Anchor Electricals, a wholly-owned subsidiary of Panasonic Corporation, has started operations at its new manufacturing unit in Haridwar.
The company has invested a total amount of Rs 150 crore for setting up the new manufacturing unit. The production capacity of the manufacturing unit is 25 million units monthly, while it is expected to double by FY 2020.
The new manufacturing unit will produce a complete range of wiring devices and switchgear along with other devices.