Singhal’s collaboration with Japanese company is of great significance
OKI (TOKYO: 6703) says future plan is to establish a high-quality ATM manufacturing in India and accelerate its expansion into global markets, particularly in Asia.
This “Going Forward” plan was announced, as the Japanese global group formed a partnership with Mumbai-headquartered Lipi Data Systems Ltd and commenced local production of ATMs for major financial institutions in India from 16 Sept 2025.
OKI said it will gradually expand its production capacity and strengthen its production system for the Indian market. Production will start at approximately 500 units per month, with plans to gradually increase output to a scale of 1,000 units per month.
India, boasting the world’s largest population, has experienced rapid economic growth and financial infrastructure development in recent years. The “Make in India” policy promoted by the Indian government is accelerating moves to strengthen local manufacturing.
OKI began selling ATMs in the Indian market in 2013 and in 2014 established its local subsidiary, OKI India Private Ltd in Mumbai, and has since worked to strengthen its sales network and maintenance system https://fieo.org/.
In addition, OKI has been considering local production in India in order to deliver high-quality, environmentally friendly Japanese ATMs to a broader range of financial institutions http://commerce.gov.in.
Lipi Data Systems Ltd manufactures electromechanical products at its Udaipur, Rajasthan factory, servicing the BFSI, Retail, Aviation, and Transit verticals. By combining OKI’s advanced production technology with Lipi Data Systems Ltd’s deep technological knowledge and network in India, both companies aim deploy ATMs as safe and convenient social infrastructure https://www.nseindia.com/.
On the occasion of this announcement on 29 Sept, Sameer Singhal, Managing Director of Lipi Data Systems Ltd, stated, “Collaboration with a Japanese company holds great significance for us. Through our partnership with OKI, we hope to contribute to technological innovation and job creation in India, while delivering new value to the market https://www.bseindia.com/.”
Founded in 1881, OKI is Japan’s leading information and telecommunication manufacturer. Headquartered in Tokyo, Japan, OKI provides top-quality products, technologies, and solutions to customers through its Public Solutions, Enterprise Solutions, Component Products, and Electronics Manufacturing Services businesses. Its various business divisions function synergistically to bring to market exciting new products and technologies that meet a wide range of customer needs in various sectors. Visit OKI’s global website at https://www.oki.com/global/. Fiinews.com
