Germany's Bosch Group plans to invest in India, the next 3 years, 23 billion rupees (about 507 million U.S. dollars), the development of new technology products.

    President V. KVishwanathan Bosch India, said: "Starting in 2011, Bosch annually in its six subsidiaries invest 75 billion rupees in India, the introduction of cost-effective use of the latest technological development and auto parts."

    Bosch India R & D investment of its total income of 9%. 2009 and 2010, Bosch R & D investment in India was 40 billion rupees and 60 billion rupees.

    Bosch Group was established in 1886, Bosch 2011, the 125th anniversary of the company will host series of celebration activities. In 1922, Bosch entered the Indian market and put into operation in India in 1953.

    Currently, the Bosch Group in India has 6 subsidiary companies, 13 factories, more than 20,000 employees, 4,000 distribution points and 1,500 suppliers.