Schneider Electric to double its manufacturing capacity with investment of Rs. 425 Crore
December 23, 2022 10:45 am
Schneider Electric announces consolidating 6 of its existing factories to launch one of its largest smart factories, globally, in Bengaluru. It will reinforces local skill development by enabling 1000+ job opportunities by 2025.
Schneider Electric, one of the global leader in digital transformation of energy management and automation, plans to double its manufacturing capabilities with the development of a new smart factory in Bengaluru. With a planned investment of Rs. 425 crore, the new facility will consolidate 6 out of the 10 existing factories of the company in Bengaluru, under one roof.
Expanding its presence to a 1 million sq. feet of industrial setup from the current 500,000 sq ft,, the new smart factory will manufacture a large scope of products from single phase UPS, three phase UPS, power distribution units, low voltage drives to digital energy products related to meters, pre-fabricated data centers, relays and renewable energy products. The company will create 1000+ job opportunities taking the current headcount of this new smart factory to 3000 +. The upcoming smart factory will also have 80 percent export volume capacity to customers in 30 countries across the world.
Anil Chaudhry, Zone President, India and CEO & MD, Schneider Electric India Pvt. Ltd., “India is the 3rd largest market for Schneider Electric and huge base for export operations. As an industry leader, we feel that now is the ideal time for us to step up our efforts and support the state and national economic growth. Deemed as the Factory of the Future, our new manufacturing campus will be one of our largest smart factories, globally, to be based in India. This new smart factory with contribute to the country’s economic growth in coming years while significantly contributing to making India Atmanirbhar.”
Javed Ahmad, Sr. Vice President, Global Supply Chain, International Region, Schneider Electric added, “The vision behind this facility is to make manufacturing sustainable, resilient, and agile. This is facility will be a union of three different kinds of manufacturing capabilities: Electronics PCBA, Electronics Products, and Electronics Systems. With a projected sale of over Rs. 5200 crore by 2026, this manufacturing base expansion in Karnataka will also amplify our investments in 4IR technologies to ensure operational, efficiency, and sustainability.”
To make the supply chain ecosystem more resilient, Schneider Electric’s new factory aims to foster operational efficiency and reduce cost. The company is constantly leveraging new-age technologies to meet ever-changing customer needs and is committed to develop more than 100 smart factories, globally.
