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Bosch expands development center, will invest 1,170 crores this year in India

The company said it sees important growth potential in India

Prime Minister Narendra Modi and German Chancellor Angela Merkel arrive at Bosch Vocational Center in Bengaluru
Prime Minister Narendra Modi and German Chancellor Angela Merkel arrive at Bosch Vocational Center in Bengaluru. File photo

TheIndiaunitofGermanautocomponentmakerBoschsaiditwillinvestRs1,170croreinbuildingtechnologiessuchassafetysystems,anti-lockbrakingsystem(ABS)andthesocalledinternetofthingsproducts. Today,IndiaishometotheBoschGroup'slargestdevelopmentcenteroutsideofGermany.AtthelocationsinAdugodi,BangaloreandinCoimbatore,thecompanyemploysover14,000researchanddevelopmentassociates.ThismakesIndiaanimportanthubforBosch'sglobalR&Dnetwork.ThisrolewillfurtherincreasewiththeexpansionoftheAdugodifacility-as ...