Panasonic Corp is starting selling of its home electronics and similar products made by subsidiary Sanyo Electric Co via another subsidiary’s retail stores in India. The company would buy out subsidiaries Sanyo Electric and Panasonic Electric Works for up to $9.4 billion in cash and shares to accelerate its push into greener businesses. Panasonic will use Panasonic Electric’s retail sales network in fast-growing India in this fiscal year ending in March to push into emerging markets and take advantage of Panasonic’s buyout of the two firms. Expansion of retail network of the Japanese electronics major will boost the Indian retail sector, which would help in-store signage players find new business.
