Sparsh CCTV to invest Rs 300 crores for capacity expansion

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Sparsh CCTV, a leading manufacturer of video surveillance and security solutions, has announced a strategic investment of Rs. 300 crores over the next five years to enhance capacity for tapping new opportunities emerging from the Government of India’s push to use ‘Made in India’ surveillance equipment. This investment will allow Sparsh CCTV to scale up their operations, along with strengthening their position as a market leader.

Recently, the Ministry of Electronics and Information Technology has implied Essential Requirements for CCTV procurement mandating Cyber security certification and trusted value chain (defined as per Land Border clause of GFR) thus enabling preference to domestic manufacturers in government procurements.

This will ensure restrictions to the Chinese CCTV companies that have been dominating the Indian market. Sparsh CCTV has been aggressively working on raising awareness on cybersecure video surveillance and on market strategies to capture major market share over the next two-three years.

Sanjeev Sehgal, Managing Director, Sparsh CCTV said “We are setting up an anchor unit in the Electronic Manufacturing Cluster 2.0 in Kashipur, Uttarakhand with a production capacity of 1 million units per month. This facility will be fully backward integrated with in-house capabilities of tool room, plastic moulding, die-casting, sheet metal workshop and cable connectors manufacturing. In Haridwar last year, we opened up a new manufacturing facility upgrading our production capacity to 2.5 million units per year from 1 million units previously. We aim to be the Factory for the World in the surveillance space.”

Recently, the company’s equipment were installed in tunnels between, Baramulla Rail link project, Banihal-Sangaldan Railway line in Jammu and Kashmir, Ayodhya dham railway station, Tunnels (T-6, T-9, T[1]10, T-11 & T-12) between KM 39 to 61 on Katra-Dharam section of Udhampur-Srinagar and has bagged All Zonal Railway and Divisional Headquarters. Sparsh CCTV has been at the technological forefront and has introduced new features in the global video surveillance arena with a presence in 10 countries