Bosch to invest Rs 250 crore !!

Robert Bosch Engineering and Business Solutions Ltd, the IT subsidiary of global automotive component maker Robert Bosch, is allocating over Rs 250 crore to expand its operations in Coimbatore, sources have said.

The company will induct 4,500 people into its operations at the Coimbatore Hi-Tech Infrastructure Private Ltd (CHIL) IT SEZ in Saravanampatti near Coimbatore. The IT subsidiary currently employs over 4,000 people at centres in Bangalore and Coimbatore.
Robert Bosch Engineering and Business Solutions was likely to shift many of its internal contracts for European automotive majors to Coimbatore, with a bulk of the recruitment for the expanded facility likely to be done locally, sources said.So far, the first of four proposed buildings for Bosch at the CHIL SEZ has been completed. The rest are expected to be operational by the end of this year on an area of around 22-acre, sources said.

The company has been present in Coimbatore since 2006. Its existing facility operates with just under 1,000 people. Industrial automation, mechanical engineering, and shared services are looked after at the centre.The 300-acre IT SEZ, an initiative of KG Information Systems Private Ltd, is expected to be ready by January next year and will create direct employment for nearly 12,000 people. An area of 150 acres at the SEZ has been set aside for IT/ITeS operations.
Wipro is planning its development centre here and companies like TCS and HCL are expected to set up base here in the coming months. Companies presently operating out of the SEZ include Cognizant, Perot Systems and KGISL.

Bosch India is currently supplying fuel injection systems for the Tata Nano from its facilities in Bangalore and Nashik. The Coimbatore facility has played a leading role in designing the engine and the innovative braking system of the car.Coimbatore, which has been a major investment destination for textiles companies and foundries operating in the automotive space, has seen IT, education and healthcare emerging as strong draws in recent years. Consequently, the city has shown good upside in the residential and commercial space. A recent Jones Lang LaSalle India study identified Coimbatore as one of the top 10 growing consumer markets in India.

Related Posts by Categories

Infra

• ‘Medical Transcription Outsourcing Capital !
• Create infrastructure before Tamil meet: RAAC
• Modernisation of non-metro airports in 2 yrs
• Multi-storeyed buildings zones in other cities to be studied
• BSNL launches EVDO Data cards
• Provogue ventures into real estate !
• ICCI Protested The Powercut
• Smart Rooms 2009 Exhibition
• Flowserve to expand Coimbatore operations
• KGISL to invest 600 Cr in SEZ !
• Govt keen to develop Tier II cities
• Coimbatore – An Emerging Real Estate Destination
• Pilloor II Water Supply Scheme Likely By Mid 2010
• Focus Will Be On Road Repairs - Corp
• Residents protest against ST Plant !
• The needs of KOVAI !!
• Construction industry seeks speedy approval mechanism
• Tamizhaga Vivasayigal Sangham - No for Byepass !
• RAAC comes with " Vision Kovai Mission 10"
• ITC - Fortune park to set up Hotel @ Coimbatore !
• Coimbatore industy to set up 1000 MW Power plant !
• IT sector will Boost in 2 yrs ..
• Potholes on roads - Be safe !!
• Civil engineers role - Expanding ..

Investment

• ‘Medical Transcription Outsourcing Capital !
• BEML opens its Vendor Dev Office !!
• L & T Opens its casting unit !!
• Rakindo builds Kovai Hill township !!
• Retirement homes with a difference
• NEPC sets up a SEZ at Palladam !!
• Ascendas upcoming with 53 acre SEZ
• UNIDO launching new cluster programme !
• KGISL to invest 600 Cr in SEZ !
• Saxony to strengthen ties with Coimbatore
• Construction industry seeks speedy approval mechanism
• Windmill instalations on raise ...
• ITC - Fortune park to set up Hotel @ Coimbatore !
• Real Estate scenario Postive in Coimbatore !!
• ICICI Prudential Life Insurance Launched New Product
• Max New York Tied Up With Alegion
• 2008 Investments A Review
• SBI Launched ‘Grameen Shakti’ Insurance Scheme
• BPM Major Savvion plans Development Center in Coimbatore
• Weather Insurance Product Launched
• NSE's programme @ Race Course
• Hallmark Infrastructre enters Coimbatore !!
• Al Batterjee Group to setup Mfg.Plant in Coimbatore

IT

• ‘Medical Transcription Outsourcing Capital !
• India tops in BPO list !
• Coimbatore IT park to become operational by January 2010
• Ascendas upcoming with 53 acre SEZ
• CTS Donates Microscope To Sankara Eye Centre
• Cognizant targets new markets
• CTS Techno campus opened !
• Interventional Radiology Website Launched
• Coimbatore To Host TCS IT Wiz 2009
• Interventional Radiology Website Launched
• Coimbatore software exports up
• KGISL to invest 600 Cr in SEZ !
• Govt keen to develop Tier II cities
• Firstsource bags Idea cellular order !
• Ugam Solutions Opens Up !!
• CBay Systems opened its center !!
• IT sector will Boost in 2 yrs ..
• FBSC opens its center @ coimbatore ..
• Tidel park will function from Jan 2010 !
• Real Estate scenario Postive in Coimbatore !!
• Perot Systems in expansion mode ..
• Perot Systems Setting Up New Campus In Coimbatore
• Tidel Park Will Function From January 2010
• CII-Coimbatore Zone Interesting Annual Session