Bosch Packaging Technology India has opened a manufacturing facility in Goa, India, to meet the increasing demands of India’s fast growing packaging market, as well as international markets.
Built on a 33,000 square metre plot and costing around 5 million euros, the new plant is equipped with state-of-the-art technology.
Mr V K Viswanathan, MD Bosch Ltd and president of Bosch Group 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.”
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 Ltd, 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.
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.
Bosch Packaging Technology India has sold over 1,200 packaging machines to leading names in the food, confectionery and pharmaceutical industries in India and international markets.
