17.4 C
New York
Sunday, June 16, 2024
HomeBusinessSchneider Electric to make India its manufacturing hub

Schneider Electric to make India its manufacturing hub


Related stories

India-made TB diagnostics tech wins acclaim at World Health Assembly

Developed by Goa-based Molbio, a point-of-care molecular diagnostics company,...

GitHub teams with Infosys to launch centre of excellence in Bengaluru

GitHub, the Microsoft-owned developer platform, has partnered with Infosys...

Musk used illegal drugs, made female staff ‘uncomfortable’: WSJ report

Concerns about Elon Musk's alleged use of illegal drugs...

Pritika Mehta outlines AI-driven future for Indian entrepreneurs

Pritika Mehta, an Indian-American entrepreneur and AI expert, stands...

Indian-origin CEO of Australian renewable energy firm plans manufacturing shift to India

A Brisbane based renewable energy technology company ZekiTek whose...

Energy management and automation major Schneider Electric plans to invest Rs 32 billion by 2026 to make India its manufacturing hub for domestic sales and exports.

Under the plan, Schneider Electric on Thursday (21) inaugurated a facility in Bengaluru with Rs 1 billion investment to produce cooling solutions for data centres.

This is Schneider’s second chiller solutions factory across the world. It had set up the first such facility in Italy.

On the sidelines of the event, Schneider Electric India President-Greater India Zone and MD & CEO Deepak Sharma said the company would set up manufacturing facilities in Maharashtra, Karnataka, Gujarat, Telangana, Tamil Nadu, West Bengal, Uttarakhand and Odisha states for its various products and solutions.

The France-based company currently has 30 factories across India.

- Advertisement -

The new factory will focus on developing innovative cooling solutions suitable for data centres, telecom, commercial, and industrial applications, both in domestic and international markets.

The factory is fully-owned by Schenider and as much as 85 per cent of the products manufactured here will be exported. (PTI)


- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories