Bosch Security Aims for India's No. 1 Slot in Security Technology

Bullish on India, security, fire safety and communication technology provider Bosch Security Systems (BSS) on Friday said it aims to achieve number one position in India in the next couple of years.

However, the company, a division of Robert Bosch GMBH, does not have plans to set up a manufacturing base in India.

BSS started operations in India in 2003 and has been experiencing double digit growth since the year of inception, Company Head (India) Dhiraj Wali told reporterrs here.

Last year the company achieved a total turnover of Rs 260 million (US$5.6 million) in India and targets to take it to Rs 400 million by the end of the current year.

He said the Indian market, currently pegged at Rs 4 billion, was expected to grow in the days ahead since security has become a part and parcel of life in every field.

The company, Wali said, has no plans to set up a manufacturing facility in India. Instead, it would look at organic growth in the country.

Wali, however, said the parent company after expanding across the world, is now scouting for both inorganic as well as organic growth for further expansion.

BSS has presence in over 40 countries with manufacturing bases in USA, Portugal, Holland, Germany and China.

The company has five product lines-CCTV technology, intrusion detection system, fire alarm system, public address system and access control system.