'Gateway to India Secured'... Hanwha Vision Accelerates Local Expansion with STQC Certification

Consecutive Orders Won in Q1 After Securing Mandatory Certification

Hanwha Momentum Also Signs Equipment Contracts Worth Tens of Billions of Won

Affiliates Expand Together

Hanwha Vision is accelerating its efforts to expand in India by obtaining the STQC certification, which is a key gateway to entering the Indian security market.

Hanwha Vision Technology Presentation held in Delhi, India. Hanwha Vision

According to Hanwha Group, Hanwha Vision recently acquired STQC certification, which is issued by an agency under the Indian government. This certification is a mandatory process for supplying security equipment in India and is considered a de facto prerequisite for market entry.

The company has also achieved notable results since securing the certification. In the first quarter of this year, Hanwha Vision won consecutive contracts to establish video security systems for global companies in the finance, distribution, and logistics sectors.

Local marketing activities have also been expanded. Hanwha Vision held roadshows in major cities such as Mumbai, Bengaluru, and Delhi, introducing products based on its own system-on-chip technology, and signed several contracts as a result.

Hanwha Momentum is also seeing results in India, having secured supply contracts worth tens of billions of won in the secondary battery and automation equipment sectors.

Hanwha Group plans to strengthen its efforts to penetrate the Indian market by increasing investment and leveraging synergies among its affiliates following its personnel spin-off and the establishment of a new holding company.

A Hanwha Vision representative stated, "India is a market with high entry barriers such as certifications," adding, "We will accelerate market expansion based on our technological capabilities and trust."

This content was produced with the assistance of AI translation services.