Hitachi Terminal Solutions India on Friday inaugurated its global Cash Recycling Machines (CRM) manufacturing facility here, where it plans to employ more than 400 people in future.
Spread over 1,08,000 square feet, it will enable the company to triple its current production capacity of 1,000 CRMs per month.
The core engine of the CRMs (Cash Modules) are localised and will now be completely assembled in India with a high level of automation in this new facility, a company statement said.
Hitachi Terminal Solutions India Private Ltd Managing Director Yoshihiro Nakatani said our estimate indicates that more than 1.1 million cash recycling machines have the capacity to be installed globally by 2024.
"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", he said.
