The food packaging business in India has registered good rate of growth during the last few years and haspotential to grow further, according to Bosch Packaging TechnologyPresident Friedbert Klefenz.
Mr Klefenz, who was addressing press conference on the occasionof Bosch Packaging Technology completing 20 years in India yesterdayat Majorda, around 28 km from here, said, Indias economic growthand market potential favors our business. Local operations continueto be pivotal to Bosch Packaging Technologys global growth strategy.
He said the food parks which are to expected to be set up in thecountry would also add value to our business besides Make In Indiaintitiative.
To a question Mr Klefenz said, ''We have manufacturing units at14 locations across the world and that makes good network but Ithink the two locations in India-Bangalore and Goa- have greatpotential to expand much faster compared to ther locations.
We are constantantly transferring technology from our various sites we haveacross the world. Five years ago we set up research and developmentunit in India which is taking the existing technology what wetransfer from Bosch into products produced in India.
In old daystechnology would be transferred to India and machines used to bemanufactured but now we transfer technology and redesign which suitsthe requirements of the local countries.''Kurt Stefan Klaiber, responsible for Bosch Packaging Technology inAsia, ''Bosch Packaging Technology in India has continuouslybroadened the scope of its applications.
Bosch Packaging Technologyhas transformed from being a stand-alone machine supplier to asingle-source solution provider. It delivers complete single machineor line solutions from processing through to end-of-line packagingand services in line with the needs of the customer.
Ashok Gourish, Head, Bosch Packaging Technology in India, saidbusiness environment in the country was good.
''During the last eight years we have grown at the CompoundAnnual Growth Rate (CAGR) of 18 per cent. This means that we havegrown more than the growth rate of market. We need to be constantlyfocused over the market requirements. We have to align developmentand technology transfer to meet the requirements. We foresee thatthe market will grow with double digit number.
Though it would betoo early to share information about our products to be launched butwe are ready to meet the requirements. We are well connected withthe market and would be introducing products on regular basis. Wehave seen very good growth and hope that the same momentum willcontinue.''
Over the next decade the level of automation will furtherincrease, and this will accelerate growth. Additionally, we expect arise of new and attractive pack styles. These trends will lead tomore flexible and technically advanced machines that are robust,safe and easy to operate and maintain, Mr Gourish added.