Security solutions provider Royace Eye Industries today said it plans to invest Rs 600 crore for expanding across the country and setting up a manufacturing plant in Jammu.
The company also plans to achieve a revenue of Rs 200 crore from its home security products range.
"Rs 600 crore will be invested in setting of the unit and expanding business," the company said in a statement.
"Huge potential is there in the sector due to the rising awareness among consumers towards safety and security," Royace Eye Industries (India) CEO Jaskaran Deep Singh said.
He said the company's home security products are equipped with high-end technology designed specifically for easy and real-time access to homes through mobile phones.
At present, it is operating in 14 states through 500 outlets serving almost 38 cities.
The firm is also working on a deferred payment plan with an aim to provide high-end personal security products to every individual.
"All home-based security products are plug and play devices with cloud video recording for instant access on mobile phone.
"Also, they come with the facility of dual audio interaction mode and siren alert for immediate interaction and feedback. The products' pricing starts from Rs 12,000 onwards," he added.
