Bosch to invest 22.8 Million euro in Indian education sector

New Delhi: 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.
Source: PTI