German engineering major Bosch Rexroth Thursday said it would invest 5-7 percent of its turnover continuously in various projects across India apart from the Rs 280 crore it has invested for expansion in the region.
Sanand (Guj): German engineering major Bosch Rexroth Thursday said it would invest 5-7 percent of its turnover continuously in various projects across India apart from the Rs 280 crore it has invested for expansion in the region.
"We will invest a little more than what normal Indian companies invest. We will continuously invest 5-7 percent of our turnover in addition to the Rs 280 crore that we have invested for expansion in the region," Bosch Rexroth Managing Director Johannes T Grobe told reporters here.
The turnover of the company in 2011-12 was Rs 600 crore, according to a company official.
Top management officials were here Thursday to inaugurate their new facility with an investment of Rs 280 crore. The company also has plant in Vatva area of Ahmedabad city.
"Going beyond production, we have developed the Sanand plant more and more into a technology centre," Grobe added.
The company, which has its presence in India for the last 35 years, is increasing production capacity of its various products, expanding product lines and increasing service capacity.
"We cater to plastic, material handling, marine and offshore industries in the state," Grobe said when asked about the major industries to which Rexroth caters in the state.
Overall, Grobe said that steel and energy sector were their major consumers, followed by mobile applications, construction and tractor companies.
Bosch Rexroth India Ltd is one of the leading specialists in drive and control technology. The company supplies tailored solutions for driving, controlling and moving.
Bosch Rexroth is partner for industrial applications (machinery applications and engineering and factory automation), mobile applications and renewable energies, thus a supplier choice of customers for high quality hydraulic, pneumatic and mechatronic components and systems.