Germany-based supplier of solutions in packaging and process technology Bosch Packaging Technology has acquired 33,000 square meters of land in the Verna Industrial Estate, India, to build up its new plant. The company is planning to invest €4m for the proposed plant.
Bosch’s Packaging Division started its Indian operations in Bangalore in 1995 before moving to Verna/Goa in December 2007. On completing the new plant, the division will see an increase in the production capacity and its number of employees.
By the end of 2012 Bosch is aiming to have a fully operational plant integrating the whole Indian production. With the new plant the division will see an increase in the production capacity and its number of employees.
Bosch India managing director Karthik Viswanathan said this investment will fuel the company’s ambition to grow in the packaging industry.