NCR Corporation, a global major in consumer transaction technologies, is planning to roll out its retail and hospitality solutions in India by setting up a manufacturing facility in the country.
The company said it was setting up a manufacturing facility at Mahindra World City near here that would be operational by the end of 2014.
Announcing it, Jaivinder Gill, vice president of NCR in India and Southeast Asia, said the facility would produce retail and hospitality solutions for the domestic market.
He claimed the company had a 44 per cent market share in the manufacture of automated telling machines (ATMs) in the country. NCR is already selling its point-of-sale terminal to the hospitality sector globally.
It is also eyeing the launch of self check-out technology products in India to cater to retail outlets, multi-brand retail chains and shopping centres.
The self check-out products would help customers make entries on products they purchase and make payments using the card, said an official.
NCR has already started discussions with various companies of the respective sectors and would roll out with the first order coming into place, said the official.
The company would move the ongoing manufacturing activity from its facility in Puducherry once the Chennai facility goes on stream by the end of 2014. The capacity at the new facility will allow it to do more than 3-fold manufacturing activity.
It will have capacity to manufacture 90,000-100,000 ATMs per month. However, the company refused to reveal the investment into the new facility.
“There is a huge potential for the transaction technologies business in India considering there are only 88 ATMs per one million individuals in the country while globally it is around 420 ATMs for every million,” said Gill.
