Bosch announces Indian growth plans

14 August 2012 – Bosch Packaging Technology India has opened a new manufacturing facility in Goa, India.

The €5 million 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.

Speaking on the development, VK Viswanathan, managing director of Bosch says, "Bosch sees India and the South Asia region as a high potential market for packaging tchnology 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 €400,000 in the year 2000, the Bosch Packaging Technology, a division of Bosch, has grown with a 33.6 percent CAGR and registered sales of €10m in 2011 and is poised to reach the landmark figure of €15m in the next few years.

Today, Bosch Packaging Technology in India designs, develops, manufactures and markets form, fill and seal machines for flexible bag packaging, flow wrapping machines for confectionery and food applications as well as filling and closing machines for liquid pharmaceuticals. The subsidiary in India brings the global expertise to the Indian market. Till date, Bosch Packaging Technology India has sold over 1200 packaging machines to leading names in the food, confectionery and pharmaceutical industries in India and international markets.

Bosch Packaging Technology India at present employs directly 130 associates; and with this new facility, it is expected to increase the number by 30 to about 160 within the next three years. Additionally, it provides many indirect employment opportunities. The current production capacity of the plant is 200 machines per year which is expected to double in three years.

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