Hikvision bets on Indian security systems market, to expand mfg footprint

The China-based firm is looking to treble capacity to make cameras, will invest Rs 5 billion on mfg facilities

The increasing incidence of thefts, muggings and assaults in India is making Prama Hikvision India, a 42:58 joint venture between Prama and security and surveillance products manufacturer Hangzhou Hikvision Digital Technology, bet big on India. The company is looking to treble its capacity to make cameras by expanding its manufacturing footprint in India to meet a steady increase in demand for cameras, digital video recorders, video management software amid growing awareness regarding safety. 

Hikvision is in the process of setting up a full-fledged manufacturing facility in Maharashtra that will make CCTVs, among other equipment, as part of the second phase