French MNC Schneider Electric to invest Rs. 425 Cr in Bengaluru’s Smart Factory
- ByStartupStory | December 22, 2022
Schneider Electric, a multinational company in France plans to invest Rs. 425 Crores to develop a smart factory in Bengaluru.
The company’s industrial space will be increased from 5 lakh square feet to 10 lakh square feet as part of the investment plan.
According to the company, the newly invested factory will manufacture a variety of products including single phase UPS, three phase UPS, power distribution units, low voltage drives, digital energy products related to meters, prefabricated data centers, relays, and renewable energy products.
“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.
As per the statement released by the electric company, the new smart facility will consolidate 6 out of 10 existing factories of the company in Bengaluru, under one roof.
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