Extends Bosch's association with IISc by becoming a research partner
In May 2011, the Bosch Group announced investments totalling Rs300 crore to provide support for universities and research projects in Germany, China, India, and the U.S. over a ten year period, as part of its global initiative ‘Bosch InterCampus Program'.
The program aims to achieve lasting improvements in research conditions for undergraduates and scientists in the university sphere. Approximately 115 crores (22 mio Euro) were allotted for India to accelerate progress in highly promising fields like environmental protection, energy, and mobility. The Robert Bosch Centre for Cyber Physical Systems was setup at IISc with this grant and is currently in its fourth year.
With the signing of the new MoU, Bosch and IISc will deepen their already existing relationship. Commenting on the signing of the new MoU, Vijay Ratnaparkhe, President, Bosch Engineering and Business Solutions said, "These partnerships symbolize Bosch's innovation focus in India. It will increase our problem solving capabilities, and at the same time the collaboration will result in sharing our learnings for the benefit of society. I believe it is absolutely essential for the growth of innovation in India."
END