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Hogar Controls sets up manufacturing plant in Hyderabad
Hogar Controls, a US-based smart home and building automation company, on Wednesday announced the opening of its manufacturing facility and Research & Development centre here.
Hyderabad: Hogar Controls, a US-based smart home and building automation company, on Wednesday announced the opening of its manufacturing facility and Research & Development centre here.
Hogar has set up its wholly-owned Indian subsidiary- Hogar India Pvt Ltd, through which it will manufacture and market its products in the Indian market.
"With a cumulative investment of close to Rs 100 crore, the new 10,000-sq ft manufacturing and R&D unit is fully automated with world-class electronic manufacturing equipment and an annual production capacity of more than 6,00,000 units," Vishnu Reddy, CEO, Hogar Controls, told the media here.
The manufacturing facility will serve as a hub for Hogar's growth and expansion across India as well as other Asia, US, Canada, South America, Europe and Australia markets over the next three years, he added.
All 11 products launched and available under Hogar's home automation series will be manufactured at the facility.
"The gradual growth and acceptance of technology, new product designs, and availability of uninterrupted Internet and power services present a huge opportunity for IoT and automated products in the country, thereby significantly benefiting the consumer," Reddy said.
According to him, India is still underserved when it comes to products that offer cutting edge technology, combined with ease of use and cost competitive pricing.
"Today's announcement reiterates Hogar's long-term commitment to the Indian marketplace. With the additional investments in manufacturing and R&D, we are looking to clock revenues of over 30 crores in 2020 in India alone," he said.
On the choice of plant location, Reddy said that Telangana and Hyderabad were emerging hotbeds for electronic manufacturers across the globe.
"Access to a technically skilled workforce combined with supply chain advantages of the location and the ease of doing business in the state meant that we did not have to think much to decide on the location for our India operations," he added.
Karan Kumar, co-founder and Chief Technology Officer, Hogar Controls, said the R&D unit set up would focus on new product development in the IoT segment besides constant upgradation of technology to existing products.
