Schneider Electric to Set-Up 300 Crore Plant In Hyderabad
Highlighting the presence of a conducive business atmosphere in Telangana, Schneider Electric, French energy management, and automation took the first steps for its Smart Factory with an investment of Rs 300 crore in Phase I. Spread over 18 acres, the upcoming unit will be the company’s second factory in Telangana, serving as a harbinger of growth while strengthening resilience in supply chain operations. The new facility will be developed in three phases. The first phase with a 2-lakh sq. ft. facility area is expected to be completed in September 2023. “The upcoming Smart Factory is our commitment towards making Hyderabad a leading manufacturing hub in the country. We will be investing over Rs 300 crore in this project, which will in turn create additional 1,000 jobs. We follow India for India and India for Globe strategy. I thank the State of Telangana for the support extended to make this dream a reality,” said Anil Chaudhry, Zone President, India, and CEO and MD, Schneider Electric India. “The upcoming smart factory will harness the power of Industry 4.0 technologies. This new facility with 75% export volume capacity will strengthen our position as a reliable export hub for our global customers. Our manufacturing base expansion in Telangana will also amplify our contributions to the Make In India Programme,” said Javed Ahmad, Sr Vice President, Global Supply Chain, International Region, Schneider Electric. “Schneider Electric’s decades-long presence in India is a success story that mirrors the strength of the Indo-French partnership,” Ambassador of France Emmanuel Lenain said. Three-fourths of the production at the new factory will be used for exports.
Tags : business atmosphere Telangana Schneider Electric French energy management Smart Factory investment Anil Chaudhry Zone President India Javed Ahmad Sr Vice President Global Supply Chain International Region Schneider Electric