Bosch gets approval on M-SIPS

Bosch Automotive Electronics India Private Limited announced receiving approval on the investment proposal for manufacturing of Electronic Control Units (ECUs) of car engines under the Modified Special Incentive Scheme (M-SIPS). Mr. Kapil Sibal, Honourable Minister for Communication & IT and Law, handed over the approval order to Dr. Markus Hildenbrand, Managing Director, Bosch Automotive Electronics India Private Limited at E-Governance Hall DeitY, in New Delhi.

With this planned investment of around Rs. 550 crores over the next 3-5 years, Bosch continues to be strongly committed to India. Expressing his pleasure on receiving the approval, Dr. Hildenbrand said, “India is a fast developing market for Automotive Electronics. With our world class manufacturing and software capabilities Bosch will continue to use its global expertise and experience to extend the local operations in India.This support from government bolsters our confidence and strengthens the efforts to provide customized solutions for the Indian market. The dedication of the Government of India to launch the MSIPS program brings to light the huge potential we have in meeting the local demand and exports requirement.” Page 2 of 3