Robert Bosch India to invest Rs 250 cr
Coimbatore, Aug 15: Robert Bosch India today announced expanding its facility by investing Rs 250 crore to realise growth opportunities in the IT and ITES space in the country.
A top executive of the company said that the facility would become operational by early 2009 on Thursday.
Bosch
India
has
entered
into
agreement
with
Coimbatore
Hitech
Infrastructure
Private
Limited
(CHIL)
for
about
21.88
acres
of
land,
thus
making
the
expanded
facility
the
first
unit
in
the
Special
Economic
Zone
here,
Friedhelm
Pickhard,
Managing
Director,
told
reporters
here.
By
the
last
quarter
of
the
year
the
construction
would
begin
and
the
first
phase
would
be
inaugurated
by
early
2009,
Pickhard
said.
550 being the associate strength at present, the new infrastructure would pave way to meet the growing demand and would provide employment opportunities to the locals, thus increasing the number to 2,500, he said.
The company to invest Rs 250 crore in the facility, which would be working on advanced technologies designing new Electronic Control Unit for diesel and Gasoline engines, and other automotive applications such as portable navigation systems, semi autonomous parking systems and adaptive cruise control, Pickhard said.
CHIL, promoted by KG group, is the first private sector specific SEZ notified by the Centre and would be creating 1.2 million square feet of office by August 2008, providing employment opportunities to nearly 30,000 persons, Ashok Bhakthavatsalam, its Managing Director said.
ANI>