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NCR to invest $6 million, set up plant in Bangalore

NCR Corp, which makes database computer systems and automated teller machines, said on Wednesday it would invest $6 million in India and more than double its staff strength to 1,000 in 12-18 months.

The Ohio-based company, which recently opened an ATM manufacturing plant at Pondicherry, plans to set up a larger plant and a services centre in Bangalore by September next year, it said in a statement.

NCR follows a growing number of global companies that are ramping up technology and software-related work in India to tap the nation's army of technically qualified workers, who can be hired at a fraction of what their counterparts earn overseas.

The Bangalore plant will produce ATM hardware, while the services centre will develop services and software for the Indian market, the statement quoted NCR's chairman and chief executive Lars Nyberg as saying in Mumbai.

The plants will have the capacity to produce 8,000-10,000 ATMs annually to cater to a rapidly expanding market where the number of installed ATMs has risen to 7,500 from just 500 four years ago, the statement said.

Besides India, NCR has ATM manufacturing plants in Dundee, Scotland, Waterloo, Canada and China.

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