Cashing in on growing need of automated teller machines
(ATM) machines in India, networking solutions major
D-Link India Ltd has entered into a joint venture with
Taiwan-based Mercuries Data Systems Ltd (MDS) to manufacture
and sell a range of ATMs in India.
Under the agreement, which was signed between Lanner
Electronic India Ltd, a subsidiary of D-link India,
the companies would make and distribute ATM machines
from D-Link''s facility in Goa.
To facilitate this, the companies have also formed a
new joint venture firm, Mercury Link Systems Ltd, which
would invest an additional Rs five crore in the Goa
facility. "India is the fastest growing ATM market
in the world and is only second to China, which has
prompted us to set a manufacturing base here,"
says K R Naik, managing director, D-Link India.
joint venture partners expect to sell around 10,00 ATMs
per year and garner over 15-25 per cent marketshare
within the next one to two years of operation, he said.
The companies are also planning to make India a hub
for its manufacturing activities and service the Asia-Pacific
region from the sub-continent.
India, which mainly services the Small Office Home Office
(SOHO) segment, had earlier signed a partner deal with
Lanner Electronics of US for manufacturing of ATMs from
a facility in Taiwan. D-Link has a 49 per cent stake
in Lanner Electronics India Ltd.