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Schneider Electric chalks out Rs 3,200-cr investment plan

Monday, 04 Mar 2024
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Automation provider Schneider Electric plans to invest Rs 3,200 crore to expand its industrial footprint in India by 2026.

The company plans to expand its manufacturing footprint by over one million sq. ft. even as it pursues its goals of enhancing customer support, accelerating energy transition, and facilitating electrification efforts. The investment will be spread over Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh and Uttarakhand.

The government’s ‘India for India’ and ‘India for Global’ strategy aligns with Schneider Electric's objectives, which also includes a focus on talent development and R&D capabilities, while leveraging the country's potential for both local and global markets. The company aims to add 6,500 employees to the existing employee base of more than 37,000 employees by 2026.

Schneider Electric has 30 manufacturing plants already in operation. It operates in India through brands including Schneider Electric, L&T Electrical & Automation, Luminous, AVEVA, among others. Schneider Electric provides energy management and sustainability solutions for diverse industry segments.

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