Investment of over Rs 3,40 crores
Bosch inaugurated its 14th manufacturing facility in India. The new plant is located at Bidadi, Bengaluru in the state of Karnataka and will manufacture products for the Diesel Systems division. It will be part of Bosch Limited, the flagship company of Bosch in India. Reportedly, since the ground breaking in September 2013, around Rs 3,400 million/340 crores (around 45 million euros) have been invested in the new plant at Bidadi, which has a built up area of around 38,000 sq mts. “India is a key pillar of our growth strategy in Asia Pacific. A strong local presence is the basis for further growth in the region”, said Peter Tyroller, the member of the board of management of the Bosch Group responsible for Asia Pacific. “Bosch is on track to double sales in Asia Pacific by 2020,” said Tyroller, referring to the target the company had set itself in 2014.
The construction of the Bidadi plant spans over two phases, with the second phase scheduled to be completed by 2018. The manufacturing facility in Bidadi will produce diesel products that were previously manufactured at the Adugodi plant, and would have over 2,600 associates working at the facility. The new plant in Bidadi will continue to be the lead plant for the production of singe cylinder common rail pumps along with conventional fuel injection pumps.
“The developing industrial area in Bidadi will offer larger space and better infrastructure support for our future expansion. This will help us cater to the growing business needs of the Indian market in the long term.
We see a lot of growth potential in India and strive to bring more projects, products and manufacturing to the country also in the future, “ said Dr Steffen Berns, President, Bosch India and MD, Bosch Limited. “Our growth in India is closely interwoven with the relationship we share with the State of Karnataka and we look forward to enriching this partnership,” he added.
Comments are closed.