Daizo Ito, president at Panasonic India joins a growing club of senior leaders of Japanese blue chips in India who are delegating complete autonomy of their businesses to local managers in the country - taking an about-turn from the traditional Japanese approach of controlling the management, as they have zeroed in on India as a high potential growth market, Economic Times reported.

Over the last 6-8 months, Canon, Toshiba, Toyota and Hitachi, besides Panasonic, have all appointed and promoted senior Indian managers in their top deck. “It's a call which some of the Japanese companies are taking having realised that if they have to survive and win in India they would require localised products sold by Indians who thoroughly understand the market,” Ravee Chittoor, assistant professor of strategy at Indian School of Business in Hyderabad, says.

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