Bosch Packaging Technology India inaugurates its new manufacturing facility in Goa
Bosch Packaging Technology India has announced the inauguration of its new manufacturing facility at Verna, Goa. Built on 33,000 sq meter land, the plant was officially inaugurated at an event presided over by Manohar Parrikar, the Honourable Chief Minister of Goa and Shri Mahadev Naik, Minister of Industries, Goa in the presence of V K Viswanathan, Managing Director of Bosch Ltd. and President, Bosch Group in India and Friedbert Klefenz, President, Bosch Packaging Technology, Germany.
Built with an investment of Rs. 34 Crores, the new plant will fulfil 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 localization of new packaging machine production and make world class German technology affordable and available to the Indian market. Equipped with latest testing infrastructure, the new facility has sophisticated test rooms and equipments which can be used to test packaging products and product parts. The new plant also has facility for internal and external training where customers can familiarize themselves with operation and maintenance of packaging machines.
Speaking on the development, V K Viswanathan said, “Bosch sees India and Middle east/ Africa Regions 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 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 64.3 Crores in 2011 and is poised to reach the landmark figure of Rs 100 Crores in the next few years.
Today, Bosch Packaging Technology in India designs, develops, manufactures and markets „form, fill and seal machines‟ for flexible pouch packing, flow wrap machines for pillow packed candy applications and liquid pharmaceuticals products. 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 fold 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, 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 Bosch India milestone but a global one too”.