Schneider Electric India exports two-thirds of local products globally

Schneider Electric India, a key player in the energy management and automation industry, is currently exporting around two-thirds of its products manufactured in India globally, Deepak Sharma, zone president - Greater India, MD & CEO the company told FE.

The robust growth trajectory of India, aiming to escalate from a $3.5 trillion to a $5 trillion economy shortly, provides a fertile ground for infrastructure and industrial expansion, necessitating substantial energy solutions," Sharma said.

The energy management company currently operates 31 manufacturing plants across India and is on the verge of opening its largest factory globally in Bengaluru. This state-of-the-art facility entails an investment of Rs 425 crore and is slated for inauguration next year.

Sharma said that the Bengaluru plant is a part of the company's ongoing cycle of investment plan of Rs 3,200 crore in India, which was announced earlier this year, that will be disbursed over 18 months. Further, he said that the company is also leveraging the government's production-linked incentive scheme to enhance its manufacturing capabilities.

Additionally, the company is also transforming its existing manufacturing facilities into "smart" plants to integrate sustainable practices. "Currently, we have converted five of our facilities into smart plants, which are a testament to our commitment to sustainability and technological advancement," Sharma said.

In line with global sustainability goals, Schneider Electric is focusing on reducing its carbon footprint and enhancing energy efficiency across its operations. "Our smart manufacturing initiatives are pivotal in our strategy to incorporate sustainable practices throughout our production processes," Sharma added.

Further, the European company has established its largest AI hub in India, emphasising the strategic importance of Indian operations in the company's global innovation roadmap.

Sharma also expressed ambitious goals for the Indian operations, aiming to elevate India's position within the company. Currently, the US leads as the highest revenue contributor to Schneider Electric, which boasts an annual revenue of 36 billion euros. "However, our team in India is striving to surpass China and secure the second-highest revenue position," he said.

Further, the Indian branches of the company has deployed AI across various company functions, including sales and HR, to enhance efficiency and productivity.

About Schneider Electric

Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On. Our mission is to be the trusted partner in Sustainability and Efficiency. We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes.

Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers. We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders.

We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

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This release was published on openPR.