Bosch India announces new investment following Narendra Modi and Angela Merkel visit
Bosch India has committed a further investment of INR 650 crores to augment its presence in India which will also directly result in development of local engineering talent pool.
Following recent visit of German Chancellor Angela Merkel and Prime Minister Narendra Modi to the Bosch Bengaluru facility, an MOU was signed to enhance ties between the two countries. The two leaders visited Bosch Innovation Center, Vocational Training Center and inquired about company’s research, engineering and vocational educational activities conducted in the country.
Peter Tyroller, member of Bosch board of management for Asia Pacific, stated that smart manufacturing will be a part of Bosch India’s initiative at all its 14 plants in the country by 2018.
Bosch’s recent investments in India include a new manufacturing facility at Bidadi on the outskirts of Bengaluru spread over an area of 38,000 sq meters. This plant is being constructed in two phases with completion planned for 2018.
Bosch India will shift its diesel products to this new plant from the Adugodi plant. Around 2,600 persons will be employed at the new facility. The company has invested INR 340 crores in this new facility which is slated to go up to INR 600 crores once second phase gets underway.