To focus on developing new products
Coimbatore, Oct. 20
The German company Bosch has indicated that it proposed to invest close to Rs 1,800 crore (325 million ) during 2005-2008 in India.
The company would strengthen its efforts at developing new products, the Chairman of the Board of Management of Robert Bosch GmbH, Mr Franz Fehrenbach, said here recently.
Mr Fehrenbach was here to inaugurate the company's software operations facility (its first facility outside Bangalore).
He said that of late the company has started to look at growth markets in Asia, Eastern Europe, North and South America. "Our focus on India is consistent with this shift in our regional operations," he added.
He pointed out that Bosch, had in the previous year, invested over 3 billion towards its R&D activities. "Our investment in R&D was over 7 per cent of our total income from operations."
The Bosch Group, which is into manufacture of automotive and industrial technology, among others has invested 2.5 billion in the automotive technology business sector. Much of the company's innovative strengths came from India, Mr Fehrenbach said. The Bangalore facility, was more than a `brain trust' for all its technology sectors, particularly software development.
"Solutions `made in India' benefit our business here and worldwide. We therefore consider Robert Bosch India as an integral part of our global network," he said and added that the Indian subsidiary had grown to 3500 associates, of which 3000 worked at its software development facility.