Schneider Electric to invest Rs 425 crore for smart factory in Bengaluru

May 29 15:01 2023
Schneider Electric on Thursday said it plans to invest Rs 425 crore to develop a new smart factory in Bengaluru

Schneider Electric President Systems Had Sought The Bombay High Court’s Intervention After The Stock Market Regulator Ruled In Favour Of Public Shareholders Earlier This Year.

Schneider Electric on Thursday said it plans to invest Rs 425 crore to develop a new smart factory in Bengaluru.

“The new smart facility will consolidate 6 out of 10 existing factories of the company in Bengaluru, under one roof,” Schneider Electric said in a statement.

Under the plan, the new factory will be expanded to 10 lakh square feet from the current 5 lakh square feet.

“Our new manufacturing campus will be one of our largest smart factories, globally, to be based in India. It will contribute to the country’s economic growth in coming years, while significantly contribute to make India Atmanirbhar,” Anil Chaudhry, Zone President – India and CEO & MD of Schneider Electric India Pvt Ltd, said.

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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