Europe’s biggest home appliances manufacturer BSH Bosch together with the Siemens Group, have decided to make a joint investment of around Rs 500 crore to establish a manufacturing plant near Chennai.
The German firm, via its arm BSH Household Appliances Manufacturing Pvt Ltd, proposes to make home appliances at the novel unit.
As per official statement, the company has requested the state administration to provide 42 acres at Sipcot Industrial Park in Pillaipakkam for establishing the plant, which will manufacture air-conditioners, refrigerators as well as washing machines.
Acceding to its request, Chief Minister Jayalalithaa duirng a function delivered the Letter of Allotment of land to Bosch’s Zonal Manager V K Viswanathahan.
With the establishing of the novel plant, the company would offer up jobs to 2,000 individuals.
Moreover, electronics giant Samsung has made an investment of more than $100 million in their plant in Sriperumbudur .
Panasonic also possesses a plant in Sholavaram and Chennai is also home to original equipment makers like Foxconn and Flextronics.