German automotive company Robert Bosch GmbH on Monday announced that it will be investing Rs 1,200 crore in India. The investment will include a R&D facility in Bangalore which will focus on addressing innovations for the emerging world through web-based applications.
Bosch’s investments will be spread across the country creating new facilities, expanding and improving production lines. “India continues to play a pivotal role for the Bosch Group and we are committed to expanding and strengthening our already broad-based footprint in the country in the years to come despite the prevalent economic situation,” Peter Tyroller, member of the board at Robert Bosch said.
The Robert Bosch Engineering and Business Solutions centre in Bangalore already employs close to 13,000 people. The new R&D facility will employ 50 people and will focus their research on the Internet of Things Service (IoTS), company officials said.
“By 2015, more than 6 billion consumer durables including vehicles, machines and smartphones will be connected to the internet, and IoTS a will be a day-to-day necessity of people that would transform lives. Bosch wants to be ready for this reality and this center will enhance reasoning and capabilities of our technologies,” Tyroller said.
Bosch has facilities in Verna (Goa), Chennai and Sanand (Ahmedabad) for its packaging, electrical drives and drive and control businesses.