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Bosch Automotive Electronics India Private Limited, a 100% subsidiary of the Bosch Group in India, today announced that it has received approval on the investment proposal for manufacturing of Electronic Control Units (ECUs) of car engines under the Modified Special Incentive Scheme (M-SIPS).
Bosch will invest Rs 550 crore over the next 3-5 years in India.
Markus Hildenbrand, Managing Director, Bosch Automotive Electronics India Private Limited said, “This support from government bolsters our confidence and strengthens the efforts to provide customised solutions for the Indian market. The dedication of the Government of India to launch the M-SIPS programme brings to light the huge potential we have in meeting the local demand and exports requirement.”
In January 2013, at a round table chaired by Kapil Sibal, Minister for Communication & IT and Law, to understand the requirement of the industry, Bosch Automotive Electronics India was the first to submit its application of Rs 550 crore under this scheme.
Bosch has been investing and expanding its manufacturing locations in India. In April 2013, Bosch Automotive Electronics India inaugurated phase II of its existing hanger at the Naganathapura Plant near Bangalore. With its world class infrastructure, Bosch Automotive Electronics India will look forward to becoming a major export hub especially in the Asia Pacific region. Currently, products such as engine ECUs and body parts manufactured in India are exported to the ASEAN region.
Commenting on this development, Steffen Berns, President, Bosch Group-India, said, “Electronics manufacturing is at a nascent stage in India and this support will enable the industry to meet the dynamic and modern requirements, especially in the automotive domain. We will continue to invest in this growing market and provide products of international standards, specifically tailored to the Indian requirements.”
