Schneider Electric to Invest Rs 425 Cr to Double its Bengaluru Manufacturing Capacity
Schneider Electric is planning to invest Rs 425 crore to double its manufacturing capabilities by developing a new smart factory in Bengaluru, which would consolidate 6 out of the 10 existing factories of the company in the city, under one roof.
December 22, 2022. By Manu Tayal
Commenting on the development, Anil Chaudhry, Zone President, India and CEO & MD of Schneider Electric India, said “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.”
Expanding its presence to a 1 million sq. feet of industrial setup from the current 500,000 sq ft, the new smart factory would 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 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 INR. 5200 crores by 2026, this manufacturing base expansion in Karnataka will also amplify our investments in 4IR technologies to ensure operational, efficiency, and sustainability,” said Javed Ahmad, Sr. Vice President, Global Supply Chain, International Region, Schneider Electric.
Through this move the company is expected to create over 1,000 job opportunities taking the current headcount of this new smart factory to more than 3,000. The upcoming smart factory would also have 80 per cent export volume capacity to customers in 30 countries across the world.
To make the supply chain ecosystem more resilient, the company’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 planning to develop more than 100 smart factories, globally.
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