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Private Sector | Multi State - India | PID: 183034
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German company Bosch Home Appliances recently said it would invest 100 million euros (around Rs. 800 crore) over the next 3-4 years in the Indian market
The company said it is expanding its product portfolio in India by providing localised offerings to tap the fast growing home appliances market in the country
Bosch Home Appliances will invest 100 million euros over the next 3-4 years towards personalising solutions, brand building, strengthening its technology centre, and setting up a robust refrigerator factory to bring its best-in-class German technology in India and magnifying India's role globally," the company said
According to Bosch, India's household appliances market is expected to grow 14.5 per cent annually from 2018-2022, resulting in a market volume of USD 2,028 million
In the coming years, Bosch will take its offerings from conventional to digital and transform businesses beyond mobility, by focusing on connectivity and new digital business models for customer value, as well as extending new employment opportunities in the space,” it added
The company has already started localised offerings in segments as top-loader washing machine, mixer grinder and microwave oven
| Updated on: 29 - Nov - 2018
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