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Schneider Electric to invest ₹3,200 crore in India to grow footprint, enhance tech capabilities by 2026

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Schneider Electric to invest ₹3,200 crore in India to grow footprint, enhance tech capabilities by 2026

May 05
10:10 2024

In a significant move that underscores its commitment to India’s growing industrial and technological sector, Schneider Electric India plans to invest ₹3,200 crore to enhance its industrial footprint across the country by 2026. The expansion will include an addition of 12,00,000 square feet of space spread over nine states, including Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand, Deepak Sharma, President-Greater India Zone and MD & CEO of Schneider Electric India, said in an interaction with ET Energyworld. Deepak Sharma also highlighted that Schneider Electric India is not just expanding its footprint but also looking to delve deep into the future of energy storage by expanding its battery manufacturing portfolio and developing newer technologies and chemistries for batteries. “This strategic investment is a testament to our commitment to innovation and our vision for a sustainable future. We are not only expanding our manufacturing capabilities but also focusing on the development of cutting-edge battery technologies and chemistries,” he stated.

Highlighting the company’s focus on supporting the rapidly expanding data center market in India, Sharma mentioned the inauguration of a new facility in Bengaluru dedicated to producing cooling solutions for data centers. With nearly ₹100 crore invested in this state-of-the-art factory, Schneider Electric aims to address the growing demand for cooling products, a sector witnessing exponential growth due to the surge in digital transformation and cloud computing adoption. “The data center industry’s demand for advanced cooling solutions is on a rapid rise, fuelled by the digital economy’s expansion and the cloud computing boom. Our new Bengaluru facility is a testament to our efforts to meet this demand, not just in India but globally,” Sharma stated.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

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