Prama Hikvision inaugurates India's first and largest integrated security facility
Prama Hikvision recently inaugurated India’s largest and first world-class manufacturing facility located at Vasai near Mumbai. Dr. 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 Rs 500 crores, Prama Hikvision will not only be able to cater to a fast expanding domestic market but also 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 per cent initially and gradually transitioning to 100 per cent localization in the next 18 months. An ISO 9001:2015 certified facility, the new factory has the capability to manufacture over 850 product models.
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 a potential to grow at 30 per cent year-on-year. With this kind of a capacity, Prama Hikvision is already enjoying a market penetration above 35 per cent 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 by setting new benchmarks in the security and surveillance industry. The company also has a technical support call center, R&D center and 17 RMA centers.