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Aiming to make India as its export hub, home appliances manufacturer Bosch and Siemens today announced company’s first manufacturing plant in the country, to be set up at a cost of Rs 350 crore.
The facility, aimed at making India as an export hub for the South East Asian region, is expected to start operations by the second half of 2014, a company statement said.
Initially, the plant would have a production capacity of about six lakh units and would create 400 direct jobs.
“The expansion is in line with the company’s vision to further strengthen its presence and offerings in the Indian market which has tremendous scope for the home appliances segment”.
“The Chennai facility is also one of our future key export hubs, to cover the entire South East Asian market”, Marc Hantscher, Managing Director and CEO, Bosch and Siemens Home, Household Appliances Manufacturing Ltd. said.
Bosch and Siemens Home Appliances would expand its factory footprint in line with the growing demand for appliances in the domestic market. The plant would also serve as Research and Development Centre to develop future generation of products for India and South East Asian region.
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