N C R Corporation inaugurates new plant in Pondy

Puducherry, Oct 5 (UNI) N C R Corporation (NYSE:NCR), world leader in self-service technologies today inaugurated its new plant in Puducherry.

According to a press release from NCR, a total investment of 3.7 million US Dollars was being made in the new manufacturing facilty, which will enable NCR to double its Indian manufacturing capacity for Automated Teller Machines (ATMs). With more than 440 employees the new plant will not only meet demands of India's fast growing ATMs market but will also supply components to NCR's other manufacturing facilities around the world. The Puducherry facility had a cent per cent Export Oriented Unit (EOU) qualification and also Houses a dedicated "supplier park" for NCR Assembly partners.

NCR Vice-President of Global Solutions Rick Marquardt, who inaugurated the plant, said NCR had secured some of the largest orders ever in India. NCR was now building market leadership with the new plant which will enable it to double the capacity to meet the demands.

He said this week the new NCR was formed with a focus growth as the largest self-service company in the world and India was central to NCR's plan for growth and the company will continue to stay committed both in terms of investment and introducing best self-service technologies.

Mr Marquardt also said the plant will manufacture cheque processing modules which will be a key solution to address the Reserve Bank of India mandate for banks to offer cheque processing facility at the ATMs. As per the NCR's recent survey on "queue frustration" revealed that 34 per cent of the Indian consumers find the longest queues occur at bank branches and they were opting for more self-service at ATMs, he said, adding to address this need NCR was looking at introducing new multi-function units that would be manufactured at the plant here and offering services like bill payments, passbook updates, mobile top-ups and ticketing via ATMs.

UNI