Bosch will invest Rs650 crore in 2015 in India, according to Peter Tyroller, the member of the Bosch board of management responsible for Asia Pacific. Tyroller gave the information to mark the visit of the Indian Prime Minister Narendra Modi and the German Federal Chancellor Angela Merkel to the facilities of Bosch in Bangalore on October 6, 2015.

"Our commitment to developing talent and the competence of our local engineers are part of our success story in India," said Peter Tyroller, the member of the Bosch board of management responsible for Asia Pacific.

He emphasized the significant contribution that Indian engineers have made to Bosch's success story in India, as well as to their current importance for the company's worldwide activities in many strategic areas such as data mining and smart manufacturing.

"India is a key location in our global innovation network. To further strengthen our presence in the country, we plan to invest Rs650 crore (over EUR 100 million) in 2015," Tyroller said. The company recently opened a new site for the manufacturing of automotive components in Bidadi.

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