Bosch Packaging Technology India, part of Bosch India, announced the inauguration of its new manufacturing facility built on a 33,000 sq metre plot of land at Verna, Goa.
The Rs34-crore facility is expected to fulfil the company's capacity expansion plans and meet the increasing demand of India's fast growing packaging market.
The company is into design, development, manufacture and marketing of form, fill and seal machines for flexible pouch packing, flow wrap machines for pillow packed candy applications, as also liquid pharmaceuticals products.
The new facility has test rooms and equipment, for use in testing packaging products and product parts.
Goa chief minister Manohar Parrikar and industries minister Mahadev Naik, inaugurated the new facility in presence of VK Viswanathan, MD, Bosch and president, Bosch Group in India and Friedbert Klefenz, president, Bosch Packaging Technology, Germany.
According to Viswanathan, the company viewed India and Middle East / Africa regions as high potential markets for packaging technology particularly in the pharmaceuticals and foods segments.
The establishment of the plant comes as a significant milestone for Bosch Packaging Technology India that started operations in Verna from a leased location in 2007.
From a modest turnover of Rs2.5 crore in the year 2000, the company has registered a 33.6 per cent CAGR with sales of Rs60.5 crore in 2011. It is poised to reach the landmark figure of Rs100 crore in the next few years.