Bosch Ltd. recently laid the foundation-stone for its new plant in Bidadi. Relocation at the existing Bangalore plant from Adugodi to the Bidadi industrial area will facilitate future business expansion and growth of the company.
The Chief Minister of Karnataka, Mr. Siddaramaiah, who was the chief guest on the occasion, laid the foundation along with Dr. Steffen Berns, Managing Director, Bosch Ltd.
Sharing his views on the occasion, Dr. Berns observed: “This move to relocate our existing manufacturing plant in Bangalore area from Adugodi to Bidadi underlines our commitment to India, especially to the State of Karnataka. We are extremely grateful to the Government of Karnataka for their support in facilitating this move. 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 company has acquired 97 acres of land at Bidadi for the construction of this new manufacturing facility and is investing over Rs. 250 crores for its initial development. The plant will be ready for commencement of production by the third quarter of 2015 with relocation of around 850 employees.