Bosch Ltd will invest Rs. 750 crore in Nashik for its second phase expansion in next five years. Principal Secretary (industry) Apurva Chandra and Vice President (production) of Bosch Company Pravin Saraf signed a Memorandum of Understanding (MoU) at State Secretariat in the presence of Chief Minister Prithviraj Chavan and MLA Pankaj Bhujbal. Bosch Ltd’s financial department chief Rashmi Ranjan was also present on the occasion.
A global group Bosch which provides technology and service had already planned to make large scale expansions in Indian market. Bosch which is functioning in vehicle manufacturing industrial technology, consumer related products and construction technology has invested Rs. 1800 crore so far.
Bosch has large scale contribution in the development of Nashik and essential facilities which will be required for investment in Nashik, will be provided to the management, stated District Guardian Minister Chhagan Bhujbal in a release reaching here.
This investment will be useful to raise the production capacity of common rail injector to meet emission norms. State-of-the-art technology will be used for their manufacture.