Bosch India plans Rs2,500 crore capex between 2011 and 2013
02 Jun 2011
Automotive and industrial technology major Bosch today unveiled plans to invest Rs2,500 crore between 2011 and 2013 to expand production and meet the growing market demands in India.
Bosh also announced plans to investment Rs140 crore to set up research center at the Indian Institute of Science (IISc) Bangalore as part of its future growth strategy.
This is part of a 50 million euros (Rs300 crore) `Bosch InterCampus Programme," of which the InterCampus in India will receive the lion's share of 23 million euros (Rs140 crore).
The investment activities include capacity augmentation, business portfolio diversification and research and development and Bosch Limited, the flagship company of the Bosch Group in India, will utilise Rs1,300 crore of the Rs2,500 outlay.
As part of its investment plan, Bosch will also be setting up a new electrical drives manufacturing facility in Chennai. This facility is expected to start production by 2012.
Bosch Group's R&D initiative in Bangalore will centre on software engineering and support for global power train electronics development for gasoline and diesel engines along with hybrid and electric vehicles.