Automation

Hitachi Terminal Solutions inaugurates its global CRM manufacturing facility in Bengaluru

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.

Navanwita Bora Sachdev

Navanwita is the editor of The Tech Panda who also frequently publishes stories in news outlets such as The Indian Express, Entrepreneur India, and The Business Standard

Recent Posts

Is AI Hitting a Plateau? The Scaling Debate OpenAI Prefers to Avoid

I think OpenAI is not being honest about the diminishing returns of scaling AI with…

5 hours ago

PayalGaming becomes India’s first female gamer to win an international award

S8UL Esports, the Indian esports and gaming content organisation, won the ‘Mobile Organisation of the…

13 hours ago

Funding alert: Tech startups that raked in moolah this month

The Tech Panda takes a look at recent funding events in the tech ecosystem, seeking…

2 days ago

Colgate launches AI-powered personalized dental screenings

Colgate-Palmolive (India) Limited, the oral care brand, launched its Oral Health Movement. The AI-enabled initiative…

2 days ago

The role of ASR in voice bots: Revolutionizing customer interaction through real-time recognition

This fast-paced business world belongs to the forward thinking organisations that prioritise innovation and fully…

2 days ago

Disrupting Fintech: How product studios are transforming financial services

In the rapidly evolving financial technology landscape, innovative product studios are emerging as powerful catalysts…

1 week ago