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New Panasonic India chief seeks to double sales in 3 years

OSAKA -- Panasonic India President Manish Sharma aims to more than double sales in the country to 330 billion yen ($2.99 billion) over the next three years by bolstering infrastructure-related areas such as batteries and surveillance cameras.

     Sharma became Panasonic's first non-Japanese Asian executive officer Friday. The Japanese company has about 50 executive officers, five of whom come from outside the country. The appointment of Sharma, who hails from what Panasonic considers its most important emerging market, underscores Panasonic President Kazuhiro Tsuga's efforts to tap foreigners for top positions.

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