New Delhi, Jan 27: Eyeing the growing telecom market in the country, Syscom Corp Ltd today formally inaugurated a sim manufacturing plant in Noida SEZ in a joint venture (JV) with Germany-based Sagem Orga at an initial investment of Rs 100 crore.
''The 8,000 square metre facility will not only cater to Indian market but will also cover South-East Asia, West Asia and African markets,'' company Managing Director and Vice President (Asia Pacific) Sanjeev Shriya told reporters here. The company, which will currently manufacture 200 million sim cards annually, targets to double its production by 2009-10, he added.
Apart from manufacturing of sim cards, the company also manufactures smart cards, and driving licenses for five states - Gujarat, Madhya Pradesh, Orissa, Sikkim and Goa.
Syscom has 45 per cent of market share in India with major clientele including telecom operators like Vodafone, Bharti, Idea, Reliance and BSNL among others.
The plant which has been operational since November 2007 has manufactured more than eight million sim cards since its inception.
The 12 billion euro company has a total of 1,000 Indian workers out of which 350 are working in the Noida plant.