Bosch vouches Rs. 1,100-cr investment in India

In order to make the most out of the emerging business avenues in the country, the Germany-based industrial and engineering giant Bosch has targeted to invest Rs. 1,100-cr across group companies in India this year. The technology major bets big on the large potential available in areas beyond mobility, with plans to build its India business in the realms of transportation, energy and smart cities, among others, said Managing Director and President of the Bosch Group in India, Steffen Berns, adding that overall, Bosch has invested heavily on expansion. In the last four years, the company has invested Rs. 3,500cr. This year, it has decided to invest the targeted funds across 10 divisions of the Bosch Group. Bosch offers end-to-end solutions, drawing knowledge from its core expertise in mobility solutions and its customers are increasingly looking for suppliers offering them end-to-end solutions. Bosch is leveraging the combined strengths of its products to offer integrated solutions to meet the demands of customers across key growth sectors in the country.