Press release
Schneider Electric Looks to Boost Indian Presence With Three New Manufacturing Sites
Schneider Electric currently operates 31 manufacturing sites in the country. The new facilities, situated in Kolkata, Hyderabad, and Ahmednagar, will further expand its production capabilities.
Olivier Blum, CEO of Schneider Electric said, "India's focus on digitalization, sustainability, and infrastructure modernisation presents unparalleled growth opportunities."
"We are leveraging AI and digitisation to accelerate growth in the Indian energy sector. We believe that advanced technologies like digital grids, IoT-enabled distributed energy resources, microgrids, smart buildings, and smart cities will reduce emissions by 75% over the next 25 years," he added.
This news adds to the company's earlier investments in India. In March 2024, it announced a $385m (Rs 3,200 crore) investment to add nearly 92903 sqm of manufacturing space by 2026.
Deepak Sharma, zone president - greater India, MD and CEO, Schneider Electric India said, "We have showcased our product and solutions portfolio designed to empower India on its digitalisation and decarbonisation journey."
"India is a key market and strategic hub for our global growth. We are dedicated to creating jobs," he added.
According to GlobalData insights, Schneider Electric is one of the most active electronics companies when it comes to making international expansions. Globally in 2024, the company announced investments in Scarborough (UK), Tennessee (US), Cavite (Philippines), and Bengaluru (India).
"Schneider Electric looks to boost Indian presence with three new manufacturing sites" was originally created and published by Investment Monitor, a GlobalData owned brand.
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Country: India
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