New Delhi: German companies are definitely training their sights on India.
Auto giant BMW, component manufacturer Bosch and commercial vehicle maker Mann have expressed their interest to Prime Minister Manmohan Singh to set up or expand their manufacturing facilities in the country.
Manmohan Singh is in Germany currently, to inaugurate the Hannover Technology Fair.
Commerce Minister, Kamal Nath said that BMW would invest about Rs 900 crore in the long-term at their manufacturing facility in Chennai.
Kamal Nath also said that Bosch's India subsidiary Mico, would invest 500 million euro, while Mann would set up a facility at Pitampura in Madhya Pradesh to manufacture trucks and buses at an estimated investment of 300 million euro.
Optical lens manufacturer Carl Zeiss also plans to set up a research and development center, car major Volkswagon has committed to set up a base in India, while Deutsche Bank intends to start a BPO for its global services.
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