Bosch to invest Rs 1,200 crore in India in 2014

German auto parts maker Bosch Automotive Group today said it plans to invest Rs 1,200 crore in India during 2014.
"In 2014, the Bosch group plans to invest some Rs 1,200 crore in the country," Member of the Bosch board of management responsible for Asia Pacific Peter Tyroller told reporters here.
He said, "Much of this sum will go into building new facilities as well as augmenting existing ones such as the Adugodi site here, which will be expanded to become an important R&D hub."
"A portion of this capital expenditure in 2014 will also be directed towards capacity expansion at Bosch Automotive Electronics India (RBEI), to enable an increase in the production of electronic control units," he added.

Announcing the inauguration of a new software research and technology centre here, Tyroller said "India is currently home to our largest software engineering centre outside Germany, and at this new facility some of the top technical talent in the country will work in close collaboration with the academic community."
"The primary research focus of this new centre will be system and software engineering, computer vision and image processing, and the multimedia of new business opportunities offered by Internet of things and services," he stated.
Stating that Bosch believes as early as 2015, more than 6 billion things will be connected to Internet and capable of sharing real-time information with one another, he said, "This includes everything from vehicles and smart phones to containers and machines."

"By enabling the smart networking of devices and systems, entirely new services will emerge that will transform people's everyday lives," he added.