Key takeaways from our interaction with the Chairman of Panasonic Life Solutions & SA (Mr. Manish Sharma): (1) Domestic electronic manufacturing industry is becoming cost competitive vs global peers and may expand rapidly on conducive policies, (2) white goods and durables segment size is likely to cross USD 11bn by FY25 (CAGR 11% over FY21-25), (3) domestic sourcing in RAC industry has increased multi-fold post PLI-based announcements.