Make in India is an attractive proposition. It also serves as aprecondition to making optimal use of the countrys demographic dividend. Theinitiative intends to transform India into a global manufacturing hub and help foster aculture of innovation and entrepreneurship. With a strong manufacturing base driven bylocal innovation Bosch Limited is at the forefront of this transformation.
The company has been manufacturing in India since 1953 and since then it hascontinuously been tapping business opportunities in the country. Having identified therecurring and varying needs of India the company has today become a leading supplier oftechnology and services in the areas of Mobility Solutions Industrial TechnologyConsumer Goods and Energy and Building Technology.
Over the past three years the company has invested approximately INR 1750 crore inIndia and set-up around four new manufacturing facilities apart from ramping up existingplants. Smart manufacturing or Industry 4.0 is a key enabler that can help India realizethe goals of this national initiative. Drawing from its global experience and localcompetence the company is showing the way for others in the country to follow. At BoschLimited we are focused on preparing the organization for the times to come. On the onehand we have proactively been investing on machines and associates and on the other wehave set ourselves the target of realizing Industry 4.0 standards in the near future. Thisdual approach will help us offer improved products of unmatched quality at affordableprices.
Bosch made its manufacturing presence felt in India at a time when industrializationwas a distant thought. Over the six decades Bosch has set the standards for manufacturingin the country. As we continue to expand our operations in India the need for more andimproved localized development cannot be overlooked. In this area Bosch Limited has alsogrown tremendously starting two decades ago and at a faster pace over the last years.From bringing common rail systems to India we are now offering two-wheeler enginemanagement systems developed in India. Bosch has been making conscious efforts to offersuperior products that are environmentally friendly cost-effective and above all possessthe ability to connect with the youth. We want our technology development tospark the imagination and drive of Indias young scientific minds.
While the current business environment remains volatile and the industry facesambitious legislative targets such as BS VI the company is committed to helping Indiamake this transition seamlessly. Our meaningful solutions have in my view contributedsubstantially to Indias economic growth. Throughout our journey Bosch Limited hasbeen developing and offering products to improve quality of life and help conserve naturalresources. The companys unwavering commitment to customer satisfaction has helped itevolve to become a more agile organization.
Since its inception in India Bosch Limited has been bringing about a meaningful changeboth through its products and services and through its social engagement initiatives. Onthe second aspect I would also like to draw your attention to the quality trainingprograms we have to offer. The companys skilling programs are relevant and effectiveand have been hailed by national bodies and state governments as a model to replicate andfollow.
On behalf of Bosch Limiteds board of directors I want to thank all ourshareholders for their sustained support and all our customers and business partners fortheir firm faith in our ability to deliver. Going beyond let me also take thisopportunity to thank our entire workforce who made our growth and success in FY 2015-16possible through their hard work and dedication.
Dr. Steffen Berns
Managing Director Bosch Limited
and President Bosch Group India