Bosch to invest Rs 1800 crore in India

Jaipur, Dec 1 (UNI) Bosch, the German auto parts major through its flagship subsidiary Motor Industries Company Limited (MICO) plans to transform its Jaipur plant into a ''global centre of competence'' with an investment of Rs1,800 crore in the next four years.

At a press conference jointly addressed by General Managers A Krishna and Carlos Gallani of the plant in Jaipur said the group plans to invest Rs 1,800 crore in the next four years to make its plant in Jaipur as a ''competancy centre for Bosch for the emerging markets''.

Bosch entered Rajasthan in 1997 when it signed an MoU with the state government for setting up an hi-tech auto component manufacturing facility with an initial investment of Rs 240 crore.

It is the largest facility Bosch has in India today and employs over 1,200 workers directly. Mr Krishna said the plants competance lies in the manufacture of distributor type diesel pumps, both mechanical and electronically controlled.

The Bosch Group holds 60.55 per cent stake in the Motor Industries Company Limited. Access to state of the art technologies from Bosch and a commitment to world class quality have made it the country's largest manufacturer of diesel fuel injection equipment and one among the largest in the world.

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