The Bosch Group is strengthening its presence in the Indian growth market by investing more than €100 million (US$111.68 million) in its Indian manufacturing and development locations, said Peter Tyroller, the member of the Bosch board of management responsible for the Asia Pacific region.
The lion’s share of this investment is going toward expanding the Bosch Adugodi location in Bangalore, southern India.
In the last two years, the company has invested nearly €50 million to turn its oldest Indian manufacturing location into a high-tech development center.
Bosch has also inaugurated two facilities that offer space for 20 research and test laboratories.
More investments are planned to keep expanding the Adugodi location in the coming years.
“Today, Bosch’s development activities in India are the most comprehensive outside Germany, with more than 14,000 associates currently employed in this area,” said Tyroller.
“Around 3,000 of them work at the new facilities in Adugodi, which were planned with a special focus on creating an inspiring work environment.”
Bosch engineers in India develop solutions in a number of areas, including driver assistance and security systems, data mining, and software solutions for the Internet of Things.
The company plans to hire 3,500 local graduates in 2016 to its 30,000 associates in India.