By Jessica Cheam

TECHNOLOGY giant The Bosch Group's appetite for investment in Asia has not been dampened despite a slump in its global sales as a result of the downturn.

The privately owned group, which deals in automotive parts and consumer goods, yesterday took the wraps off a new $21 million research and development (R&D) centre in Singapore that will be the Asia-Pacific headquarters of newly acquired business software house Innovations Software Technology.

Innovations Software offers enterprise solutions mainly for the financial services industry, but is set to enter the health care and energy management sectors with Bosch's expertise, said Robert Bosch South-east Asia president and managing director Cem Peksaglam.

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