Germany’s Bosch commences operations in Sri Lanka, eyes construction boom

Oct 20, 2015 (LBO) – Bosch, a leading German supplier of technology and services, commenced operations in Sri Lanka to meet the increasing demand seen in the infrastructure sector, a senior official said. “The inauguration of our new office marks an important milestone for our business expansion in the South Asian region,” Steffen Berns, managing director, Bosch limited and president, Bosch Group India said. “It is important to have a direct presence in Colombo which is the focal point of the country’s economic activities and a booming construction sector.” Berns said that they will look to further increase their footprint in Sri Lanka as it emerges to be an important growth market for the business. Sri Lanka is Bosch’s third footprint in South Asia besides India and Bangladesh. The newly setup local entity Robert Bosch Lanka (Private) Limited, develops solutions for global and local challenges and offers many products suited to the country’s needs, including infrastructure and city development, mobility and energy-technology. Chief guest at the event Juergen Morhard, ambassador of the Federal Republic of Germany to Sri Lanka said that the island has shown significant development in the recent years and is expected to further grow strongly in the years to come. “Over the past few months consumer spending has increased significantly and the country particularly offers many opportunities in the services sector which has contributed significantly to Sri Lanka’s gross domestic product (GDP).”