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Bosch to invest Rs.650 crore in India
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SME Times News Bureau | 07 Oct, 2015
Global automotive major Bosch
Ltd would invest Rs.650 crore (100 million euros) this year on its
innovation network in India, a top company official told Prime Minister
Narendra Modi and German Chancellor Angela Merkel on Tuesday.
"To
strengthen our presence in India, we plan to invest Rs.650 crore (100
million euros) in 2015," Bosch board member for Asia-Pacific Peter
Tyroller said during the visit of Merkel and Modi to the Bosch facilityin Bengaluru.
Modi and Merkel got a firsthand view of Bosch's research
and vocational training activities in India through a presentation a
company executive made on the occasion.
Indian engineers
contribute to Bosch's activities in data mining and smart manufacturing
that will be an integral part of its 14 plants across India by 2018.
Bosch vocational centre in Bengaluru has trained about 2,500 apprentices since it was set up in 1961.
Though
Modi and Merkel did not make official statements or addressed the
gathering, they interacted with a few young apprentices and asked them
about the training they were undergoing for skill development.
"The
visit to our facility is part of Merkel's three-day state visit to
India, which focuses on innovation and skill development," a Bosch
official said.
Over the medium and long-term, the 50-billion euro company expects to see positive development in India.
"The
Indian government is addressing key issues. We are confident this will
impact the country's development," Bosch India president Steffen Berns
said.
As a global provider and exponent of connected industry or
industry 4.0, Bosch offers a range of solutions, including drives,
automation, sensors, software and predictive maintenance.
"India
is a key location in our global innovation network and our engineers'
software competence plays a key role in making connected industry
reality," Berns said.
As part of the Indian government's 'Make in
India' initiative, Bosch will explore opportunities for its products
and solutions in diverse areas such as mobility, infrastructure,
industry, energy and security.
Bosch's largest development centre
outside Germany is in Bengaluru and Coimbatore in Tamil Nadu, and has
12,000 research and development (R&D) associates.
"Especially
in areas such as mobility, infrastructure, industry, energy and
security, there are many opportunities for our products and solutions.
The field of smart manufacturing also opens up possibilities for Bosch
in India," Berns said.
Karnataka Governor Vajubhai. R. Vala,
Chief Minister Siddaramaiah, central ministers Ananth Kumar and D.V.
Sadananda Gowda and a large German official-cum-business delegation were
present on the occasion.
With 29,000 employees across India,
Bosch offers technology and services in mobility solutions, industrial
technology, consumer goods and energy and building technology.
The
Bosch group, which has nine subsidiaries and 14 manufacturing sites and
seven development and application centres across the country, posted
Rs.15,250 crore revenue in calendar year 2014.
After Bosch visit,
Modi and Merkel participated in a tech event hosted by the National
Association of Software and Services Companies (Nasscom) and the German
Fraunhofer Institute at a star hotel on "Digitising Tomorrow Together".
The
61-year-old Merkel, who is on a three-day official visit to India since
Sunday, flew into Bengaluru on Monday night with a large
official-cum-business delegation to participate in the twin events with
Modi.
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