Prama Hikvision, homegrown security solution provider and a joint venture company among Prama Technologies and Hangzhou Hikvision Digital Technology with 42:58 ratio and India’s market leader in video surveillance products and solutions, inaugurated India’s largest and state-of -art world-class manufacturing facility located at Vasai. 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.


Hangzhou Hikvision Digital Technology, among the world’s largest suppliers of video surveillance and security systems with a 25% global market share. The new facility Prama Hikvision is fully committed to support Digital India and make in India ,will invest another Rs 500 crore to expand its capacity to 5 million cameras per month, Prama Hikvision will not only be able to cater to a fast expanding domestic market but also overseas market in a phased manner.

The company employs over 750 people and will be adding another 350 by the end of the year. Once the plant expansion is completed, it will have added 1,000 people, taking the total headcount to 2,000 by the end of 2019, which will also support a localization target of 50% initially and will gradually transition to 100% localisation in the next 18 months. Prama Hikvision India will also invest ₹500 crore to expand its capacity to manufacture 850 products models per month.

Ashish P. Dhakan, MD and CEO, Prama Hikvision India Pvt. Ltd. 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.

Ashish said, we have so far invested Rs 500 Cr 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 does 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”.
 

A first-generation entrepreneur and having built Prama Hikvision from a humble start since its inception in 2005, Ashish P. Dhakan is today a leader of the Indian security and surveillance industry and is credited for setting gold standards now acknowledged the world over.


By addressing the key note address, Dr. V.K. Saraswat, Member, Niti Aayog says, Prama Hikvision shows the right example for complementing the make India Initiatives by the Government. They must think with the 50% localization capacity in this manufacturing unit  for the producing CCTV and other Electronics security products and rest importing from China,at the same time it is a task for Prama Hikvision to show on how they are exporting to china and rest of the countries from India.


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% year-on-year. With this kind of a capacity, Prama Hikvision is already enjoying a market penetration above 35% 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.