(Image source from: Ncbn.in)
Prama Hikvision Invests Rs 500 Cr In Andhra Pradesh:- The Government of Andhra Pradesh signed an MoU with Prama Hikvision India Limited after the latter stepped out to invest Rs 500 crores in the newly formed state. This would be a joint venture between Prama India and Hangzhou Hikvision Digital Technology. The Mou has been signed at Taj Mahal Palace hotel in Mumbai. Prama Hikvision is headquartered in Mumbai and is committed to provide sound technical support with high quality. Prama Hikvision has 51 branches across the country with 700 plus employees. Prama Hikvision is in plans to expand its market by making cameras and digital video recorders.
AP Chief Minister Chandra Babu Naidu along with ministers Yanamala Ramakrishnudu and Narayana have been present during the meet. With over 15-20 lakh cameras and recording back end devices production per month, the plant will soon be set up in Andhra Pradesh. 1000 direct and indirect jobs will be created with this project. Prama Hikvision announced that they would invest Rs 500 crores in Andhra Pradesh.