Bartronics Asia gets EPPU registration with highest financial grade
Will enable the company to bid for projects worth over S$30 million
Tweet-- Bartronics Asia Pte Ltd, a wholly owned subsidiary of Bartronics India Ltd has secured EPPU (Expenditure and Procurement Policies Unit) registration with a S10 (highest) grade from the Singapore Government. EPPU is a unit under finance ministry of Singapore Government and the highest grading by it will enable the company to qualify for bidding for projects worth over S $30 million.
The highest financial registration from Singapore Government will bolster plans by Bartronics Asia Pte Ltd to actively pursue opportunities under the Intelligent Singapore 2015 Plan (iN2015 Master plan), the government’s 10 year initiative for the growth of infocomm sector. According to estimates the infocomm industry is expected to contribute over S$26 billion to the GDP under this programme.
In Singapore, business entities require to register with Expenditure & Procurement Policies Unit (EPPU) of the Ministry of Finance to participate in many tenders floated by the public sector.
Bartronics Asia, beginning with a modest turnover target of S$15 million in the first year, intends to emerge into a fairly large size regional player in South Asia with a presence in Singapore, Malaysia, Philippines, Vietnam, Indonesia and Australia within 3 years.
Bartronics offers solutions using radio frequency, biometrics, smart cards and barcodes technologies, which are finding increasing acceptance in security, access control, ticketing, tracking and cashless payment transaction applications.
Notes to Editor
About Bartronics India Ltd:
Bartronics India Limited, has been the pioneer and market leader in providing solutions based on Automatic Identification and Data Capture (AIDC) technologies for over a decade. Its state-of-the-art Smart Cards Manufacturing facilities located at Hyderabad manufactures smart cards for the Indian telecom sector and a variety of government projects. Increased realisation on Smart cards combined with the growth in its global operations, is expected to give the company a turnover of over Rs. 500 crores during the current financial