BOSCH TO INVEST BIG-TIME IN INDIA

Here is some News that Investors or potential Investors in BOSCH LTD will find useful . German engineering conglomerate Robert Bosch GmbH is reported to have said on Wednesday 4/1/2012 that it will invest $412.7 million (approx Rs 22 Billion) in 2012 and 2013 to expand its operations in India.

Bernd Bohr, chairman of Bosch's automotive unit, said in a statement "Most of these funds will go into further expanding our local activities, . In addition, our experts in India are playing an increasingly important role in our worldwide software engineering activities for electronic control units."


Mr. Bohr further said that the Indian economy is expected to grow strongly with automobile production set to rise about 11% this year, outstripping an estimated 3%-5% growth globally.

Mr Bohr is reported to have stated that "In the backdrop of such developments, Bosch would like to contribute and be a part of the Indian growth story,"

BOSCH's facility in  Chennai to manufacture electrical drives will begin production this year and a factory in Ahmedabad will also be operational in the first three months of this Calendar Year.

The company is understood to have said that it expects sales from India of Rs 110 billion in CY2011, up 19% from Rs 92.70 billion  in CY2010.

Readers may be aware that ROBERT BOSCH GMBH holds 71.18% stake in the Indian listed arm BOSCH LTD.