MOSCOW, August 5 (RIA Novosti) - One of Japan’s largest electronics producers and the world’s fourth-largest TV manufacturer Panasonic Corp has turned to vegetable farming and is now set to supply Singapore with its own-grown radish and lettuce, Reuters reports.
"We foresee agriculture to be a potential growth portfolio, given the global shortage of arable land, climate change and increasing demand for quality food as well as stable food supply," Reuter quotes Hideki Baba, managing director of Panasonic Factory Solutions Asia Pacific, as saying.
Panasonic’s vegetable farm in Singapore is located inside its factory building and produces 10 types of vegetables including mini red radishes and baby spinach.
The company's goal is “to grow more than 30 crop varieties by March 2017 and account for around 5 percent of local vegetable production.”
Panasonic is not the only corporation in Japan to be interested in farming. For example, Fujitsu Ltd is growing lettuce at its Fukushima province plant, and Sharp Corp is testing growing strawberries indoors in Dubai