The Bosch Group is strengthening its presence in the Indian growth market, aiming to make its oldest location in India into a high-tech development center.
“In 2016, we are planning to invest more than 100 million euros (approximately $112 million USD) in our 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 past two years, the global supplier of technology and services has invested nearly 50 million euros (approximately $56 million USD) to turn its oldest Indian manufacturing location into a high-tech development center.
In the presence of prominent guests from politics and business, Bosch last week inaugurated two new facilities that offer space for 20 state-of-the-art research and test labs. The company says more investments are planned to keep expanding the Adugodi location in the coming years.
India as an important development hub for Bosch
“The expansion of the Adugodi site illustrates how important India is for the Bosch Group as an innovative location,” said Tyroller. Today, Bosch’s development activities in India are the most comprehensive outside Germany, with more than 14,000 associates currently employed in this area. 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.” As a result, Bosch is gaining significance as a software employer in India. This year, the company plans to hire 3,500 local graduates. With a total of more than 30,000 associates in India, Bosch is one of the country’s largest employers.
