stefan hartung chairman of boschstuttgartfeuerbach germany the economy of the factory of the world china is slowing down europe and the us are grappling with economic uncertainty amid such an economic scenario india is attracting more bets for growth including from the eur 882billion technology and services company boschim pretty optimistic that india will be the only region which probably in the next two years will have a substantial growth path says dr stefan hartung chairman of boschintroduction of economic regulations such as gst and interventions to incentivise industrial production are the major enablers for growth they also fuel the bullishness advt bosch started its india journey in 1922 still india isnt among its top markets as the home market germany or china however the german major has high stakes in the country it is involved in many projects globally that gives it a special role thats because it has contributions far beyond the sales of its subsidiary bosch india annually in 202223 the company clocked sales of eur1667 million inr 14929 croreindian engineering and collaborationthe biggest stake in india for bosch is in its bengaluru headquartered global engineering centre bosch global software technologies bgsw which has grown from 650 associates in 2000 to over 36000 in 2022 what was only a bangalore company as robert bosch engineering and business solutions earlier has gone global with subsidiaries in mexico and vietnam among other countries and we are also thinking about other locations hartung said the large engineering base has expanded capabilities from being purely only software earlier to hardware design functional design and hard core engineering services he said a team of engineers in india is also involved in boschs new focus area of hydrogen technology the technology supplier is targeting to earn eur 5 billion from its hydrogen tech solutions by 20302oo engineers from bgsw are part of the 3000 member team working on boschs hydrogen technologyleveraging indian frugal engineering and manpowerin the indian automotive industry bosch is an established leading player it will remain so by better leveraging indias inherent frugal engineering to its advantage the tricky thing in india for us is that we want to do this ecological transformation and also accessibility of products hartung said advt the efforts are to find solutions to how can we make affordable electric cars how can we make products which also work even if the infrastructure is not as developed boschs strategy is to use the best of both worlds internal combustion technology expertise in the west and the software engineering talent available in india and make them work together we involve all our people intensely in joint projects globally because that is the game with these new communication technologies we have scrum work where people can do arithmetic work and also some of the project leads are in india he saidcost is another factor that makes india attractive for industry players like bosch in some cases getting experts from overseas can be horribly expensive the core work