Schneider Electric to double its manufacturing capacity
The company will consolidate six of its existing ten factories in Bengaluru to launch one of its largest smart factories, globally. The new factory will leverage new-age technologies for operational efficiency and reduced cost.
Schneider Electric plans to double its manufacturing capabilities with the development of a new smart factory in Bengaluru. With a proposed investment of INR 425 crore ($51.4), the new facility will consolidate six out of the ten existing factories of the company in Bengaluru, under one roof. It will have a 1 million sq. feet of industrial setup against the current 500,000 sq. ft.
The new factory will manufacture products ranging from single-phase UPS, three-phase UPS, power distribution units, and low-voltage drives to digital energy products related to meters, pre-fabricated data centers, relays, and renewable energy products.
The new factory will create 1000+ job opportunities, taking the current headcount to 3,000 +. It will have an 80% export volume capacity to serve customers in 30 countries across the world.
“India is the 3rd largest market for Schneider Electric and a huge base for export operations…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,” said Anil Chaudhry, zone president, India and CEO and MD Schneider Electric India.
Javed Ahmad, senior vice president, Global Supply Chain, International Region, Schneider Electric, added, “With a projected sale of over INR. 5200 crores by 2026, this manufacturing base expansion in Karnataka will also amplify our investments in Fourth Industrial Revolution technologies to ensure operational, efficiency, and sustainability.”