Bosch to invest Rs1,700 crore more in India
Bengaluru, June 20: German auto component maker Bosch would invest Rs 1,700 crore in India over the next three years, a top company official said on Wednesday.
"To meet the rising demand in the Indian market and expand its strong role in our global network, we will invest Rs 1,700 crore over the next three years," Bosch Group Chairman and Chief Executive Volkmar Denner told reporters here.
A major part of the fresh investment will be used to expand the company's smart campus here and modernize its manufacturing facilities in the Indian sub-continent.
The 66-year-old Bosch has 18 manufacturing sites and 7 development and application centres across the country, with 31,000 employees, including 18,000 research and development (R&D) associates.
Besides three plants in Bengaluru, the company's other production sites are at Chakan near Pune and Nashik in Maharashtra, Jaipur and Chennai and other states in the country.
Of the group's consolidated revenue of Rs 19,204 crore, Rs 13,790 crore was generated by third parties, while its flagship company (Bosch Ltd) contributed Rs 10,842 crore in fiscal 2017-18.
"We will integrate our mobility services and Artificial Intelligence (AI) in India, as we are committed to address its transition to Bharat Stage (BS)-VI from April 2020 from BS-IV currently," said Denner.
Main contributors for the company's growth are the automotive industry, which holds opportunities for diesel technology, electro-mobility and connected mobility and government initiatives for connected manufacturing and connected cities
"With a projected 7.7 percent GDP-growth in fiscal 2018-19 and a similar level for the coming years, we expect the Indian economy to continue with momentum," said Denner.
As India aims to achieve BS-VI from April 2020 and adopt electro-mobility solutions built for local conditions, the company offers technology to support both initiatives.
"We believe the internal combustion engine will continue to be the mainstream solution for freight and commercial vehicles," noted Denner.
The company views co-existence of fossil fuel engines and electrification with hybridization as an interim solution.
"Hybrid technology will be a vital contributor towards the electrification goal in the country due to its stop-start driving patterns and road congestion. In light of that, fleet operators and smaller vehicles are poised to adopt electrification as soon as feasible options are available in the market," Denner said.
As India is one of Bosch's locations for AI, with two other at Sunnyvale in the US and Renningen in Germany, its AI centre in Bengaluru will play a key role as most of the products in the near future will be linked to AI, he added.
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Mangaluru to host international workshop on clinical neuroimmunology
Mangaluru: An international workshop on clinical neuroimmunology will be held in Mangaluru on March 7 and 8 at Avishkar Hall of KS Hegde Hospital, ABSMIDS.
The two-day academic programme is being organised by the Centre for Advanced Neurological Research of Nitte (Deemed to be University). The event is expected to bring together neurologists, clinicians and researchers from India and several other countries.
According to the organisers, the workshop aims to improve the diagnostic skills of practising neurologists through exposure to advanced imaging methods, visual diagnostic tools and biomarker analysis used in the diagnosis of neuroimmunological disorders.
The programme will feature hands-on training sessions and demonstration-based learning. Activities will include live Optical Coherence Tomography workshops, video-assisted demonstrations and interactive discussions with experts from Canada, the United States, South Asia and the UAE.
The workshop is being conducted under the leadership of Dr. Lekha Pandit, Professor of Neurology and Director of the Centre for Advanced Neurological Research at KS Hegde Medical Academy, Nitte (Deemed to be University), who is serving as the course director for the programme.
Dr. Asha Kishore, Director of the Parkinson’s and Movement Disorders Centre at Aster Medicity, Kochi, will inaugurate the workshop as the chief guest. The inaugural function will be presided over by Prof. M. S. Moodithaya, Vice-Chancellor of Nitte (Deemed to be University).
Registrar Dr. Harsha Halahalli and Dr. Sandeep Rai, Dean of KS Hegde Medical Academy, will also be present at the inaugural ceremony.
