Karnataka Chief Minister Siddaramaiah laid the foundation stone along with Steffen Berns, Managing Director, Bosch Limited.
D.K. Suresh, Member of Parliament, Bangalore Rural and H.C. Balakrishna, Member of the Legislative Assembly, Magadi were also present at the venue.
Sharing his views on the occasion, Berns said, "This move to relocate our existing manufacturing plant in Bangalore area from Adugodi to Bidadi underlines our commitment to India and 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 in Bidadi for the construction of this new manufacturing facility and is investing over Rs 250 crores for the initial development of the facility.
The plant will be ready for commencement of production by the third quarter of 2015 with re-location of around 850 employees.
New Bidadi facility will house the production of several components of Diesel Fuel Injection Systems.
--IBNS (Posted on 18-09-2013)