Hitachi Terminal Solutions inaugurates its Global CRM Manufacturing Facility in Bengaluru. The company plans to employ more than 400 people in the future.
Bengaluru,
January 27, 2023: Hitachi Terminal Solutions India,
today announced that it is set to expand its manufacturing presence in India to
complement the Government of India’s Make in India mission, through a first-of-its-kind
Cash Recycling Machines (CRM) manufacturing facility in Bengaluru. This CRM
manufacturing facility will be one of the largest facilities for Hitachi worldwide
and is another step towards an expansive vision to build and strengthen a
full-fledged Hitachi Campus in India, helping India to become self-reliant, and
making it the Global supply hub for the world.
Spread
over 1,08,000 square feet, this state-of-the-art manufacturing facility will
enable the company to triple its current production capacity of 1,000 CRMs per month. The company also plans to employ more than 400 people in the future.
Hitachi’s facility is a testament to the central government’s vision of
transforming India as a manufacturing hub for rest of the world. The core
engine of the CRMs (Cash Modules) are localised and will now be completely
assembled in India with high level of automation in this new facility, and also
reaching a significant status of Make in India.
Hitachi
is the global leader in cash recycling and automation technology and has been
pioneering this technology in India.
Yoshihiro Nakatani, Managing Director, Hitachi
Terminal Solutions India Private Limited said, “Our estimate indicates that more than 1.1
million cash recycling machines* have the capacity to be installed globally by
2024. Owning to this, we have built a state-of-the art facility, with an aim to
offer highly secure, lowest carbon footprint and technologically advanced CRMs
to our customers. Hitachi Terminal Solutions India has delivered
high-end cash recycling machines that meet the needs of customers in a timely
manner. Hitachi Terminal Solutions India will continue its efforts for
expanding its business ecosystem and developing solutions in India, to further augment
the export of our products from India and thus contribute to the development of
the Indian economy.”
Bharat
Kaushal, Managing Director, Hitachi India said, “India continues to
remain the melting pot of innovation and growth in Asia. Our presence through around
28 group companies in India, have registered progressive growth in the past and
continue to do so in a more robust manner. India has the capacity and
capability to grow as the next manufacturing hub, as evident by the current Government’s
efforts to build high-end infrastructure, even in the hinterlands of India. Hitachi
through its varied business presence has multiple manufacturing facilities across
the length and breadth of India covering Energy, Automotive, Urban Mobility
including Railways, Industrial UPS etc.”
With
seamless connectivity to major highways, airports and skilled talent pool, the
factory has been strategically located in Bengaluru and is the perfect choice
for this investment for the company. Hitachi Terminal Solutions India is
bringing its global best practices and advanced manufacturing
technologies in this facility, thus enabling the company to augment the plant’s capacity to address potential changes in future demand.
*
As per in-house research data
About Hitachi Terminal Solutions India
Hitachi Terminal Solutions India is a subsidiary of Hitachi Channel Solutions, Japan, a global leader in Cash Recycling Machines. Manufacturing in India started in 2016 and gradually the production increased to meet the growing domestic market requirements for both the public and private sectors as well as to limited international markets. The objective was to cater to requirements of the domestic sector specially while accelerating Make in India initiative. The policy of this facility is ‘By Indian people, with Indian material, for Indian market’ and also the adoption of the best Japanese practices and technologies.