Minister of Industry and Technology Mustafa Varank stated that there is good news from the foreign investment and employment front nowadays, which is struggling with the new type of coronavirus (Covid-19), “Bosch will start to produce new generation high pressure pumps in our country with an additional investment of 500 million lira.” said.
PROJECT BASED SUPPORT
The President's decision on the project-based support of the medium-high technology new generation “high pressure pump” investment, which is a part of the “high pressure gasoline injector” investment that Bosch Industry and Trade Inc. is currently continuing in Bursa, was published in the Official Gazette.
Minister Varank, who shared the Twitter account regarding the decision, pointed out that there is good news from the foreign investment and employment front these days when the Covid-19 is struggled, “Bosch decided to expand its investment in Bursa. With an additional investment of 500 million lira, it will start to produce new generation high pressure pumps in our country. Best wishes." used expressions.
QUALIFIED PERSONNEL SUPPORT RISES TWO FLOORS
With this additional investment, the existing investment amount of 1 billion 240 million liras in Bursa will increase to 1 billion 740 million liras, the number of employment from 314 will increase to 292 people with 606 additional employment, and the number of qualified personnel to 14 will be 100.
The maximum qualified personnel support for the investment, which will produce 900 thousand new generation high pressure pumps per year, has been increased from 20 million lira to 40 million lira and 50 million lira to 100 percent of energy consumption expenditures.
The contribution of the mentioned additional investment to the current account deficit is estimated to be 85 million dollars.