Schneider Electric calls for government incentives to promote energy efficiency in India

As industries worldwide face increasing pressure to reduce energy consumption and carbon emissions, Schneider Electric is emphasizing the need for supportive policies that could help companies transition toward more sustainable operations.

Schneider Electric, a global leader in digital energy management and automation has urged the Indian government to implement policies that incentivize energy efficiency in industries, the company's Executive Vice-President of International Operations, Manish Pant, told ET Energyworld.

As industries worldwide face increasing pressure to reduce energy consumption and carbon emissions, Schneider Electric is emphasizing the need for supportive policies that could help companies transition toward more sustainable operations. According to Pant, such measures are critical not only for environmental sustainability but also for economic efficiency.

"The government should implement policies that provide incentives for companies to focus on energy efficiency," Pant said in an interview. "By reducing energy consumption, companies need less energy production, which aligns with global sustainability goals. Focusing on both electrification and energy efficiency could resolve half of the challenges in this energy transition."

The call for policy support comes as one of the Schneider Electric group companies, Lauritz Knudsen, aims to invest approximately 850 crore rupees ($104 million) in India over the next three years. Laurits Knudsen is the new brand name of L&T switchgears that was acquired by Schneider Electric Group in 2020. This investment is poised to expand the company's manufacturing capabilities, enhance research and development activities, and strengthen local partnerships.

Schneider Electric's commitment to India is not new; the company has a robust presence with 31 manufacturing plants across the country. Notably, its plant in Hyderabad has been recognized as a Sustainable Lighthouse factory by the World Economic Forum, marking significant achievements in reducing energy, water, waste, and carbon emissions. Pant highlighted the dual benefit of the proposed investment, pointing out that it would not only advance Schneider Electric's technological and production capacities but also significantly contribute to local job creation. "With this investment, we aim to support India's growth both for domestic needs and global markets," he added. India has become an integral part of Schneider Electric's global strategy, serving as a key hub for both manufacturing and innovation. The country's burgeoning demand for energy solutions and its strategic position in Schneider's global operations underscore the importance of supportive government policies. Moreover, Schneider Electric's focus extends beyond manufacturing. The company is also keen on advancing digital automation and smart energy solutions, sectors expected to play crucial roles in the future of global energy systems. Pant also discussed the broader implications of energy efficiency, suggesting that effective policy incentives could catalyze industry-wide changes. "Energy efficiency isn't just about reducing costs or consumption; it's about transforming how industries operate and innovate. Effective policies can accelerate this transformation, benefiting the economy and the environment alike," he explained.

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