Bosch Automotive
AUTO INDUSTRY Bosch Automotive Electronics India receives approval on M-SIPS proposal Proposed investment of Rs.550 crores under the scheme First to submit the application in January 2013 Investment proposal for manufacturing of Electronic Control Units (ECUs) of car engines Aims at meeting the future local and exports demands of the growing Automotive Electronics industry Bosch Automotive Electronics India Private Limited, a 100% subsidiary of the Bosch Group in India, announced receiving approval on the investment proposal for manufacturing of Electronic Control Units (ECUs) of car engines under the Modified Special Incentive Scheme (M-SIPS). Mr. Kapil Sibal, Honourable Minister for Communication & IT and Law, handed over the approval order to Dr. Markus Hildenbrand, Managing Director, Bosch Automotive Electronics India Private Limited at E-Governance Hall DeitY, in New Delhi...