Schneider Electric to Invest Rs 3,200 Crore in India Manufacturing Hub
Schneider Electric, a major player in energy management and automation, has announced its commitment to invest Rs 3,200 crore by 2026, aiming to establish India as its primary manufacturing hub for both domestic markets and exports. As part of this initiative, Schneider Electric inaugurated a new facility in Bengaluru with an initial investment of Rs 100 crore dedicated to the production of cooling solutions for data centers.
Schneider Electric's President for Greater India Zone and Managing Director & CEO, Deepak Sharma, stated during the plant inauguration that the company intends to invest Rs 3,200 crore to establish India as a manufacturing hub within the group. As part of this initiative, the company will establish manufacturing facilities for its diverse range of products and solutions across various states in India. Sharma also revealed that the company is in the process of setting up factories in Maharashtra, Karnataka, Gujarat, Telangana, Tamil Nadu, West Bengal, Uttarakhand, and Odisha.
Currently, the company operates 30 factories throughout India, including the recently inaugurated cooling solutions factory. Sharma revealed that the company is actively involved in establishing additional facilities across the country. The newly inaugurated cooling solutions factory is dedicated to creating cutting-edge cooling solutions to address the rapidly expanding demand within India's data center ecosystem. Spanning approximately 6.5 acres, the new factory required an investment of Rs 100 crore (approximately EUR 10 million).
Up to 85 percent of the products produced in this factory will be earmarked for export, primarily targeting the data center sector, along with applications in buildings, industry, and infrastructure. Being wholly owned by Schneider Electric, this factory assumes a pivotal role in the company's global supply network. Notably, this facility represents the company's second chiller solutions factory worldwide, with the first established in Italy.
The inauguration of Schneider Electric's newest factory underscores its steadfast dedication to delivering innovative solutions and products renowned for their efficiency and sustainability. This state-of-the-art facility boasts advanced technology and specializes in producing cooling solutions tailored for data centers, telecom, commercial, and industrial purposes, catering to both local and global markets.