Recently, Prama Hikvision, a leader in video surveillance products and solutions, has inaugurated Rs 500Cr manufacturing facility located at Vasai near Mumbai. With this new facility, the company will cater to a fastexpanding domestic market and the overseas market in a phased manner. The facility was inaugurated by Dr V.K. Saraswat, Member, Niti Aayog and Dr Neeraj Sinha, Advisor, Science & Technology, Government of India.
The brownfield facility is spread over 12 acres of land comprising end-to-end production capabilities, which will also support a localization target of 50 percent initially and gradually transitioning to 100 percent localisation in the next 18 months. An ISO 9001:2015 certified facility, the new factory can manufacture over 850 product models.
Ashish Dhakan, MD and CEO, Prama Hikvision India Pvt Ltd, said, “This new the integrated state-of-the-art manufacturing facility is an expression of our full commitment to the Government of India’s flagship ‘Make in India’ program. We remain committed as a long-term partner of the country and continue to pursue our vision of ‘Make in India for a Safer India’ with manifold commitments.”
With an installed capacity of 1.5 million cameras per month, the facility has the potential to grow at 30 percent year-on-year. It has nine lines that do surface mount technology level manufacturing and enables us to make electronic chips and cameras locally instead of importing them.
The new facility will make Prama Hikvision the only video surveillance products and solutions brand that is truly made in India. Prama Hikvision has been progressively using printed circuit boards (PCBs) at this new facility to ensure full alignment with the Government of India’s Phased Manufacturing Program (PMP) goals.