Bosch scouting for acqusitions in India

Bosch Security Systems, part of the global technology and services supplier Bosch Group, on Thursday said it was looking out for acquisitions in India as part of an expansion programme in the security surveillance space.

"Our plans have been to grow double digits through an organic route, but at the same time in order to expand more rapidly, we have been looking for acquisitions in different markets, including India," Bosch Security Systems Asia Pacific head Dorris Grammer told reporters here.

The Bosch Group earlier this year acquired Canadian firm Extreme CCTV and added a new range of instruments to its global portfolio.

She said the company was also increasing investment in its after-sales service centre in Bangalore.

"We need to be cutting down on the turnaround time for repairs," she said.

"Currently the Bangalore operations is a small unit but eventually we want to make it a full fledged facility," she said, without divulging the investment details.

The company on Thursday showcased its latest Internet Protocol video surveillance equipment in order to strengthen its presence in the Rs 2 billion ($US46.6 million) organised video surveillance market in India.

"The organised market in India has been clocking about 25-30 per cent and we have been growing better than the market and hope to do so," Bosch Security Systems India Vice-President Dheeraj Wali said.

Almost all the major and important CCTV projects in India had been carried out by the company and it was looking forward to taking up more projects, he said.