Chief Minister Mohan Yadav said that Madhya Pradesh government is committed to provide all possible support for industrial development. He expressed expectations from Panasonic Energy to promote its skill development initiatives in the state so that better employment opportunities can be provided to the youth of Madhya Pradesh. The Chief Minister proposed that Panasonic Energy expand its unit in Pithampur for energy storage and sustainable battery manufacturing. He also suggested establishing a research and development center in the state, which would foster growth in the technology sector.
On the third day of his Japan visit, Chief Minister Dr. Yadav held a significant meeting with officials of Panasonic Energy Company Limited. The meeting involved an in-depth discussion on investment opportunities and collaboration possibilities in Madhya Pradesh.
The Chief Minister discussed setting up new units in Madhya Pradesh, particularly in the field of electric vehicle battery manufacturing and energy storage, with Panasonic Energy. Highlighting the state's industrial policies and special financial assistance schemes for Panasonic Energy, he mentioned that these incentives would provide the company with more opportunities to invest in Madhya Pradesh.
During the meeting, Panasonic Energy officials shared information about the company's achievements and future plans. Expressing interest in investing in the energy storage and battery manufacturing sector in Madhya Pradesh, Panasonic Energy conveyed confidence in receiving full support from the state government.
Yadav invited Panasonic Energy to the upcoming Global Investors Summit (GIS) scheduled to be held on February 24-25, 2025, in Bhopal. The invitation aimed at encouraging Panasonic Energy to explore new investment opportunities in the state and gain a better understanding of Madhya Pradesh's industrial landscape.
Chief Minister Yadav also invited representatives of Panasonic Energy to visit culturally and historically significant sites in the state, such as Sanchi. Chief Minister reiterated his commitment to working toward a long-term and strong partnership with Panasonic Energy and assured them of every possible support from the state government.
A subsidiary of Panasonic Holdings Corporation, Panasonic Energy Limited is a global leader in energy solutions headquartered in Japan.
The company manufactures products such as lithium batteries, lithium-ion batteries for automotive applications, lithium-ion batteries for industrial and consumer use, and storage battery modules. The company's manufacturing units are located in North America, Europe, and Asia. Panasonic Energy is a key supplier for major automotive brands, including Tesla.