Schneider Electric announced its plans to double its manufacturing capabilities with the development of a new smart factory in Bengaluru, India with an 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.
The smart factory – with 1 million sq. feet of industrial setup — will manufacture 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.
India is the third largest market for Schneider Electric and huge base for export operations.
“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,” said Anil Chaudhry, Zone President, India and CEO & MD Schneider Electric India.
Schneider Electric said this is facility will be a union of three kinds of manufacturing capabilities: Electronics PCBA, Electronics Products, and Electronics Systems.
“With a projected sale of over INR 5200 crore by 2026, this manufacturing base expansion in India will amplify our investments in 4IR technologies to ensure operational, efficiency, and sustainability,” Javed Ahmad, Sr. Vice President, Global Supply Chain, International Region, Schneider Electric, said.
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.