Bosch to invest 22.8 million euro in education sector in India

German auto component maker Bosch today said it will invest 22.8 million Euro (about Rs 150 crore) over the next 10 years to set up a research centre at Bangalore in association with the Indian Institute of Science.

The amount is under a programme to celebrate the firm's 125th anniversary and is a part of a total global investment of 50 million euro in the field of higher education in Germany, China, India and the US over the next 10 years. "Some 22.8 million Euro, and therefore the lion's share of the total budget, is going to India. The 10-year development project aims to set up the independent 'Robert Bosch Center for Research in Cyber Physical Systems' at the Indian Institute of Science (IISc) in Bangalore," Robert Bosch said in a statement. In collaboration with IISc, Bosch is creating a campus for IT design, cyber-physical systems that will help to save energy in buildings, mobility solutions and renewable energy. Commenting on the development, Bosch Engineering and Business Solutions (India) Managing Director Vijay Ratnaparkhe said: "With our funding for higher education in India, we are creating a perfect research and working environment for future IT specialists". The Center is expected to create an ecosystem of research and working environment for future engineers. It is planned to support the entire industry and all universities through contract research projects. The German automotive group is expanding its higher education funding and launching a new global initiative -- Bosch InterCampus Program -- in which undergraduates and scientists will research into electro-mobility, energy generation, energy efficiency, and reducing emissions from 2011 onward. "The company is investing a total of 50 million euro to provide support for universities and research projects in Germany, China, India, and the US over the next 10 years or so," the statement said. Globally in 2011, Bosch will invest about four billion euro on research and development that will employ 34,500 researchers and developers. It will register 3,800 patents. "To continue to be innovative and successful in the future, we need associates with excellent training who are committed and content. That's why we offer our workforce a professional and innovative working environment and attractive development opportunities," Bosch Director (Industrial Relations) Wolfgang Malchow said.