Bosch to invest Rs 300 crores in Nasik plant this year.
New Delhi, May 3 -- Bosch Limited has announced an investment of Rs 300 crores in 2012 in Nasik plant. This is part of the Rs 2200 crore investment for the entire Bosch Group in India that was announced in January this year. The funds will go towards significant capacity expansion, increase in production space along with increase in headcount. In the wake of improved diesel injection equipment demand, Bosch Nasik plant has invested substantially in enhancing capacity. Production of Common Rail Injection systems has gone up by 60 percent. The production of Nozzle holders of has gone up by 20 percent.
The increase in production capacity has also resulted in the increase of production space. The Nasik plant is investing in enhancing production space to the tune of 35,000 square meters to meet the expansion plan. Apart from production space, funds have also been allocated for a new office building. The newly constructed office building is expected to accommodate 140 persons. In terms of headcount, 2012 will see the recruitment of over 400 persons in different areas of work.
Gopikumar, Vice President - Commercial, Bosch Limited Nasik Plant, said "Our commitment to Nasik is undisputed. We are playing a very important role in contributing towards meeting market demand of the Bosch Group in India. With respect to CSR, the Nasik plant has an extremely robust portfolio that is augmented from time to time. The Bosch Nasik plant CSR Vision is to commit ourselves to environmental protection and social responsibility".
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|Date:||May 3, 2012|
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