Bosch to invest 1,300 cr more in India by 2010

Jaipur, Aug 8: Bosch (India) Limited, a subsidiary of multinational giant Bosch Group, will invest over Rs 1,300 crore in India during 2009 and 2010.

This India's largest automotive components and industrial, building technology company, has planned to invest Rs 2,650 between 2005 and 2010 and about half this proposed investment has been made so far, Mr Ashok Abraham, Vice President(Commercial), Bosch Jaipur Plant said. Of the above 2,650 crore, Rs 145 crore is expected to be invested in Jaipur between 2007 and 2010, Mr Abraham said.

The company had began it operations in India way back in 1953 with its Bangalore unit had achieved considerable growth and expansion over the years having plants at various locations including Nasik, Goa, Jaipur and Bangalore and annual turnover of around 5,700 crore by 2007.

The company's three business sectors- automotive, industrial and building technology and consumer goods have experienced considerable growth in 2007, he said.

In India, company's various divisions, have made strides in diesel systems(distributor type diesel fuel injection pumps), gasoline systems, starter motors and generators, electrical drives and and car multimedia.

The Group having its presence in around 50 countries globally, has recorded 10 fold increase in its net profit, after taxation, between 1998 and 2007(Rs 609.2 crore in 2007), Mr Abraham added.

UNI