COIMBATORE: Germany-based Bosch will invest 325 million Euros (Rs 1800 crore) in India during 2005-2008 and would make efforts to develop new products, a top executive of the company said on Wednesday.
The company expects 25 per cent of its revenue to come from the Asia-Pacific region by 2015 and India is expected to contribute a major share of the total sales, currently at 730 million Euros (Rs 4000 crore), Franz Fehrenbach, Chairman, Robert Bosch GmbH, said here.
At the inauguration of the Coimbatore facility of Robert Bosch, India, Fehrenbach said the company is investing 3 billion Euros, amounting to 7.4 per cent of total sales, for R&D and would continue to invest on research on a consistent basis.
Bosch is investing 2.5 billion Euros, about 10 per cent of the sales, in automotive technology, he said this investment was above the industry average.
Friedhelm Pickhard, Managing Director, Robert Bosch India, said the Coimbatore facility would handle services in automotive applications, industrial automation, mechanical engineering and shared services area.
Pickhard added that with four facilities in Bangalore, the Coimbatore facility would have a capacity of 125 associates, which would be increased to 2500 associates in the coming years.
