Bosch Packaging Technology India has inaugurated its new manufacturing facility at Verna, Goa. Built on 33,000 square metres land with an investment of Rs 34 crore, the new plant will fulfill capacity expansion and meet the increasing demand of India’s fast growing packaging market as well as international markets. With the state-of-the-art technology, the new plant will aim at increased localisation of new packaging machine production and make world class German technology affordable and available to the Indian market.
The plant was officially inaugurated at an event presided over by Manohar Parrikar, Chief Minister, Goa and Mahadev Naik, Minister of Industries, Goa in the presence of VK Viswanathan, MD, Bosch and President, Bosch Group in India and Friedbert Klefenz, President, Bosch Packaging Technology, Germany.
Viswanathan said, “Bosch sees India and the South Asia region as a high potential market for packaging technology particularly in the pharmaceuticals and foods segments. This state-of-the-art manufacturing facility in Goa will meet the growing needs of the region through appropriate products and packaging solutions. The new facility will also generate good growth and employment opportunities for the people of Goa.
Setting up of the plant is a significant milestone for Bosch Packaging Technology India that commenced its operations in Verna from a leased location in 2007.
From a modest turnover of Rs 2.5 crore in the year 2000, the Bosch Packaging Technology, a division of Bosch, has grown with a 33.6 per cent CAGR and registered sales of Rs 60.5 crore in 2011 and is poised to reach the landmark figure of Rs 100 crore in the next few years.
Klefenz said, This new facility will bring our new global offerings to India. It will also contribute greatly in pursuing our future plans and consolidating our leadership position in the Indian and international markets. Hence, this is not just a milestone for the packaging technology division of Bosch in India, but a global one, too.
We will strive to fulfill growing market needs with the best-in-the-industry solutions and strengthen our existing leadership position, said Ashok Gourish, GM, Bosch Packaging Technology, India.
EP News Bureau