The installed capacity of switches and sockets in Sri City will be increased by four fold in two phases by Panasonic Electric Works India (PEWIN) till 2030.

The project is expected to cost the corporation Rs 400 crore.

Currently, the facility produces 10 million switches and sockets monthly. PEWIN aims to increase this output to 20 million units in the second phase and establish a new plant to add another 20 million units in the third phase.

In the initial stage, the company invested around Rs 300 crore to manufacture Roma, Penta Modular, and Ziva switches and sockets.

The second phase will see an additional investment of Rs 100 crore. By April, the production capacity will rise to 12 million units.

It will then grow to 16 million units in September and reach 20 million units shortly after. This phase is expected to conclude by 2025.

Furthermore, by 2027, PEWIN will begin work on a new building in Sri City under the third phase, requiring another Rs 300 crore investment.