On Tuesday, the German automotive major Bosch said that it is planning to invest Rs 650 crores (over 100 million) in India in 2015.

Peter Tyroller, the member of the Bosch board of management responsible for Asia-Pacific, said that “India is a key location in our global innovation network. To further strengthen our presence in the country, we plan to invest Rs 650 crores (over 100 million euros) in 2015.”

“Our commitment to developing talent and the competence of our local engineers are part of our success story in India,” he said.

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