According to reports, the German Bosch Group recently opened a new research and technology center in India. At the same time, it announced that it will spend 12 billion rupees (about 190 million US dollars) to expand its business in India in 2014.
Peter Tyroller, member of Bosch's management board, stated: “India has continued to play a key role in the Bosch Group. Although the current economic situation in the country is still severe, we will continue to focus on expanding and consolidating business in this country in the coming years.â€
Bosch recently opened a new Research and Technology Center (RTC) in Bangalore, India. The center will focus on the Internet of Things and Services (IoTS) and systems and technologies for engineering methods, data, and cutting-edge technologies for computer vision and image processing. Software engineering.
In addition, at the opening ceremony of the Bangalore Technology Center, Bosch stated that it will invest 190 million U.S. dollars in India in 2014, mainly for the production capacity of new facilities and the expansion of R&D operations.
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