Noted German industrial giant Bosch Company today agreed to set up its unit in Telangana State. The company will invest huge funds and provide employment opportunities to over 3,000 people.
The Company delegation met with Industries Minister KT Rama Rao and discussed investment plans in the State. KTR said he was looking forward to the company starting its business in the city.
KTR agreed to their proposal to set up shop in the city. The German Company is to come up with investments to start its business in the State. Bosch will set up Global Software Technologies Research and Development center. Some 3,000 people will get employment in the company when it starts, according to information.
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During a meeting with the visitors, KTR said the State has potential for IT and software development. It has manpower, facilities, and complete support from the government, he said. He expressed happiness at the Bosch Company for its business and expansion plans in the State.
Bosch officials said they would start production in mobility, industrial engineering, and home appliances. KTR instructed the officials to provide all support and permissions to the Germany Company to invest and start its business.
The company delegates stated that they will start an office in the city soon.
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