|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Home appliances manufacturer Bosch and Siemens Home Appliances Group (BSH) is planning to invest Rs 350 crore to set up its first manufacturing plant in India, at Chennai. The facility, which is expected to commence operations by the second half of 2014, would also serve as an export hub for the Southeast Asian market, Australia and New Zealand.
The new facility, at Sipcot Industrial Park in Pillaipakkam on 42 acres, would start with manufacturing washing machines and plans are to expand to other home appliance products later. The facility would have a mid-term production capacity of close to 600,000 units and will create 400 direct employment, according to a release.