Built on 33,000 square meters land, the plant was officially inaugurated at an event presided over by Shri Manahor Parrikar, the Honorable Chief Minister of Goa and Shri Mahadev Naik, the Honorable Minister of Industries, Goa in the presence of Mr. V K Viswanathan, Managing Director of Bosch Ltd. and President, Bosch Group in India and Mr. Friedbert Klefenz, President, Bosch Packaging Technology, Germany.
Built with an investment of about 5 million euro, 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 technology, the new plant will aim at increased localization of new packaging machine production and make world class German technology affordable and available to the Indian market.
Speaking on the development, Mr. V K Viswanathan said, “Bosch sees India, Middle East and Africa 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 crores (about 400,000 euro) in the year 2000, the Bosch Packaging Technology, a division of Bosch Limited, has grown with a 33.6 percent CAGR and registered sales of Rs 60.5 crores (about 10 million euro) in 2011 and is poised to reach the landmark figure of Rs 100 crores (about 15 million euro) in the next few years.
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.
Commenting on the development at the inaugurating ceremony Mr. Friedbert 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 Mr. Ashok Gourish, General Manager, Bosch Packaging Technology, India.