US-based NCR Corp is setting up a Rs. 600-cr manufacturing unit in Chennai.

NYSE-listed NCR Corporation, a global leader in consumer transactions technologies, is setting up a manufacturing facility in Chennai at a cost of around Rs. 600 crore ($ 100 million). The new plant will be operational by March 2015, company's director of product management, Ashok Nallam, said.

NCR has a manufacturing unit in Puducherry with 700-odd employees. These employees would be gradually shifted to the Chennai unit after which the Puducherry facility would be closed, Rakesh Aulaya, NCR's India and South Asia senior manager of public relations and marketing, told Business Standard.

He said the manufacturing facility was being shifted to Chennai as the company 'wants to be closer to the market place'. Besides making automatic teller machines (ATMs) and ATM components, the new unit would manufacture self-checking kiosks for the travel industry.

In 2013, Nallam said, NCR's turnover from India stood at Rs. 1,500 crore. Globally, it clocked a turnover of $6.5 billion, 25 per cent of which was from Asia, West Asia and Africa.

BS