Bosch Packaging Technology India opened its new manufacturing facility at Verna, Goa. The company invested about $6 million in the new plant to expand capacity and meet increasing demand. The new plant aims to increase localization of new packaging machine production and to make German technology available to the Indian market.
Mr. V K Viswanathan, managing director of Bosch Ltd. and president of Bosch Group in India, 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.”
Bosch Packaging Technology India employs 130 associates and with the new facility, it is expected to increase to about 160 within the next three years. The current production capacity at the plant is 200 machines per year, which is expected to double in three years.