Bosch India to invest Rs 250cr in new Bidadi manufacturing unit
As part of its plans of expanding its manufacturing capabilities in India, leading German technology and services supplier Bosch has announced an initial investment of Rs 250 crore to set up a new manufacturing unit near Bangalore.
As part of the plan, Bosch will shift its manufacturing work from Adugodi to a larger Bidadi facility, a town in Ramanagara district located 32km away from Bangalore, on the Bangalore-Mysore Expressway.Bosch has acquired 97 acres of land in Bidadi for the construction of this new facility and Rs 250 crore will be spent for the initial development of the facility.
The new facility will house the production of several components of diesel fuel injection systems. The shift will lead to relocation of around 850 employees from the Adugodi facility, which in future will be used for R&D activities.
The ground breaking ceremony at the new Bidadi plant was conducted last week, with Karnataka Chief Minister Siddaramaiah being the guest of honour.
Bosch India Managing Director Steffen Berns said, "The developing industrial area in Bidadi will offer larger space and better infrastructure support for our future expansion. Though the current business situation is tough, this move will help us cater to the growing business needs of the Indian market in the long-term."
The plant will be ready for production by the third quarter of 2015.