The Bosch Group sees strong signs of recovery in the Indian market and forecasts a positive development over the mid-term, they said in a new report. “The Indian economy is on the rise again and holds tremendous potential”, said Dr Volkmar Denner, the chairman of the board of management of the Bosch Group during his visit to India. “To meet the rising demand in the Indian market with tailored solutions and expand India’s strong role in our global network, we will invest 17 billion rupees ($250 million) over the next three years”, announced Denner. The German auto parts maker also added that a major share of this amount will be used to expand Bosch’s smart campus in Adugodi and modernise manufacturing facilities in the country.
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