Schneider Electric celebrates 60 years in India

06 Oct 2023 CW Team

The French automation company, Schneider Electric, celebrated its 60 years of presence in India. They have plans to invest Rs 32 billion in India by 2026. Deepak Sharma, the Zone President and Greater India MD & CEO of Schneider Electric India, mentioned that the company entered the Indian market in 1963 and currently has 37,000 employees and 30 manufacturing sites in the country.

Sharma stated that India holds a significant position for Schneider Electric, being the company's third-largest market globally and one of the four global hubs for the group. He also expressed the company's ambition to make India its second-largest market after the US and China.

To enhance the company's growth in India, the CEO introduced the Schneider Electric Innovation Yatra, a platform designed to connect with the company's stakeholders. Rajat Abbi, Vice-President, Global Marketing, and Chief Marketing Officer of Schneider Electric India, described this initiative as a "carbon-neutral yatra" that would cover the entire country. Its purpose is to raise awareness about sustainable, digital, and NextGen automation solutions.

In a recent interaction with PTI, Sharma had revealed that Schneider Electric India plans to invest Rs 32 billion in nine states by 2026 to expand its presence in the country.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..