India’s First RFID Manufacturing Facility in Chennai
Gemini Traze RFID Pvt. Ltd., will be setting up India’ s first RFID tag manufacturing facility at the Seriperumbudur electronic park in Chennai, with an investment of $2.5 million.
The plant is expected to be operational in October 2006. Currently, there are a lot of overheads with duty and import, which is 40 percent additional cost on duties levied. Indigenous manufacturing would rid it of the additional cost, sAys Venkat, business head, Gemini Traze RFID.