Germany-based Bosch will invest euro 325 million (Rs 1,800 crore) in India over three years.
The company is expecting 25% revenue from the Asia-Pacific region by 2015, and India is expected to contribute a major share of the total sales, currently at euro 730 million (Rs 4,000 crore), Franz Fehrenbach,chairman of Robert Bosch GmbH, said today.
Speaking at the inauguration of the Coimbatore facility of Robert Bosch India, Fehrenbach said the company is investing euro 325 million, amounting to 7.4% of total sales, for R&D and would continue to invest on research on a consistent basis.
Friedhelm Pickhard, managing director of Robert Bosch India, said the Coimbatore facility would handle services in automotive applications, industrial automation, mechanical engineering and shared services.
Source: Bussiness Standard
Wednesday, October 18, 2006
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