Prama Hikvision, a joint venture between Hikvision and an Indian company, inaugurated India’s largest and first manufacturing facility located at Vasai near Mumbai. V.K. Saraswat (Member, Niti Aayog and former Director-General of the Defence Research and Development Organisation (DRDO) and former Chief Scientific Advisor to the Indian Minister of Defence) and Dr. Neeraj Sinha (Adviser, Science & Technology) inaugurated the new facility.
With this new facility, which is part of an investment commitment of INR 500 crores (US$ 70.9 million), Prama Hikvision will not only be able to cater to a fast-expanding domestic market but also the overseas market in a phased manner. Employing over 2000 skilled and semi-skilled employees, the brown-field 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 localization in the next 18 months. An ISO 9001:2015 certified facility, the new factory has the capability to manufacture over 850 product models.
Ashish P. Dhakan, MD and CEO, Prama Hikvision India said, "This new 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. We have so far invested Rs 500 Crore in this new plant with further investment commitments in the pipeline to ramp up productions, local R&D, skilling and giving back to the communities. This new unit has an installed capacity to make 1.5 million cameras per month. 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. To upskill a significant part of the workers in this factory, many of them being unemployed before joining us, we have developed in-house training programs comprising world-class modules thus bringing them into the mainstream socio-economic fold”.
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.
With an installed capacity of 1.5 million cameras per month, the facility has the potential to grow at 30 percent year-on-year. With this kind of capacity, Prama Hikvision is already enjoying a market penetration above 35 percent in India.
Driving the future of surveillance in India with an intuitive integration of Artificial Intelligence (AI) into its cutting-edge products and solutions, Prama Hikvision has established itself as a market leader by setting new benchmarks in the security and surveillance industry. As a true market leader, the company also has a technical support call center, R&D center, and 17 RMA centers.