BANGALURU: Prime Minister Narendra Modi and German Chancellor Angela Merkel on Tuesday took a tour of Bosch’s vocational facility in Bengaluru. The two leaders interacted with students and received a ‘Make in India’ lion model made by apprentices at the facility.
The company showcased its innovative projects and the group’s commitment to skill development in India.Peter Tyroller, a member of the Bosch board of management, said the company plans to invest Rs. 650 crore to expand its presence in India.
He also talked about the significant contribution that Indian engineers have made to Bosch’s success story in India, as well as their importance for the company’s worldwide activities in many strategic areas such as data mining and smart manufacturing.

“India is a key location in our global innovation network. To further strengthen our presence in the country, we plan to invest Rs 650 crore (over 100 million euros) in 2015,” he said.
Dr. Steffen Berns, president of the Bosch Group in India said, “Over the medium and long-term, the company expects to see positive development in India.”

“The Indian government is systematically addressing key issues. We are confident that this will positively impact the country’s development,” said Dr. Steffen Berns, president of the Bosch Group in India. “Especially in areas such as mobility, infrastructure, industry, energy and security, there are many opportunities for our products and solutions. The field of smart manufacturing also opens up possibilities for Bosch in India,” he said.
Indo-German summit
Mr. Modi addressed an Indo-German summit hosted by Indian IT association Nasscom in association with Fraunhofer called ‘Digitizing Tomorrow Together’. Here’s are some of the top quotes from Mr. Modi’s address:

• We are on the path of making India a global manufacturing hub
• There is tremendous potential in India-Germany economic relationship.
• Indo-German economic relation remains below its full potential. We are working hard to create conducive conditions for business
• In last 15 months we have worked hard to make India a favorable place to set up business.
• At a time of a global slowdown, India represents a bright spot for investments
• We need to provide a huge push to manufacturing. Thats why we launched “Make In India”
• Transparent auction and allocation of spectrum and key resources have given a level playing field
• We have fast tracked approvals and clearances for industry and infrastructure
• We have taken very decisive steps to remove a number of long pending concerns of investors
• We have expedited regulatory clearances including security and environmental clearance
• Across the board we have increased the validity period of Industrial Licences
• We have introduced the GST Bill in parliament; we are hopeful to roll it out in 2016
• India is now at 9th place on UNCTAD’s ranking of investment attractiveness and jumped 16 places on WEF’s global competitiveness index.
• India is committed to protecting Intellectual Property Rights Rights of all innovators & entrepreneurs
• Such a huge potential for creation and production will not be available in any one country
• Never before was India so well prepared to absorb talent, technology & investment from outside
• India is on the threshold of a big IT revolution; where technology will be leveraged to meet aspirations of 1.25 billion citizens

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