Schneider Electric India commits Rs 32 bn investment for growth by 2026
ECONOMY & POLICY

Schneider Electric India commits Rs 32 bn investment for growth by 2026

Schneider Electric India, under the leadership of its CEO & MD, Deepak Sharma, has announced an extensive investment plan of Rs 3,200 crore to bolster its presence in India by 2026. Sharma, who also holds the position of President for the Greater India region, disclosed these investment details during an interview with PTI.

In line with the company's growth aspirations, Schneider Electric India is poised to allocate EUR 350 million (equivalent to Rs 3,200 crore) towards expanding its industrial footprint. This expansion initiative involves adding an impressive 1,200,000 square feet of infrastructure by 2026. The investment will be distributed across nine states, including Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand.

When questioned about the nature of these investments, Sharma emphasised Schneider Electric's commitment to sustainability. The company aims to achieve net-zero operations by 2030, establish a fully carbon-neutral value chain by 2040, and eliminate net CO2 emissions throughout its entire value chain by 2050.

Highlighting the company's current efforts in renewable energy, Sharma stated that Schneider Electric India manages over 700 MW of renewable energy power purchase agreements, providing sustainable solutions that encompass on-site solar installations and the procurement of off-site solar and wind energy. Notably, Schneider Electric's solutions power approximately 15% of the solar energy installations in India.

Under its Luminous brand, Schneider Electric is responsible for powering 100 million homes through inverters, batteries, and solar energy solutions. Additionally, the company is actively involved in supplying 1.5 million prepaid smart meters to Energy Efficiency Services (EESL) in Bihar, Haryana, and Uttar Pradesh. Schneider Electric plans to continue deploying feature-rich smart meters for projects falling under the revamped distribution sector scheme (RDSS).

Schneider Electric India, a subsidiary of the French conglomerate Schneider Electric, currently operates 30 active factories across the country, including five smart factories situated in Hyderabad, Bengaluru, and Chennai.

Schneider Electric India, under the leadership of its CEO & MD, Deepak Sharma, has announced an extensive investment plan of Rs 3,200 crore to bolster its presence in India by 2026. Sharma, who also holds the position of President for the Greater India region, disclosed these investment details during an interview with PTI. In line with the company's growth aspirations, Schneider Electric India is poised to allocate EUR 350 million (equivalent to Rs 3,200 crore) towards expanding its industrial footprint. This expansion initiative involves adding an impressive 1,200,000 square feet of infrastructure by 2026. The investment will be distributed across nine states, including Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand. When questioned about the nature of these investments, Sharma emphasised Schneider Electric's commitment to sustainability. The company aims to achieve net-zero operations by 2030, establish a fully carbon-neutral value chain by 2040, and eliminate net CO2 emissions throughout its entire value chain by 2050. Highlighting the company's current efforts in renewable energy, Sharma stated that Schneider Electric India manages over 700 MW of renewable energy power purchase agreements, providing sustainable solutions that encompass on-site solar installations and the procurement of off-site solar and wind energy. Notably, Schneider Electric's solutions power approximately 15% of the solar energy installations in India. Under its Luminous brand, Schneider Electric is responsible for powering 100 million homes through inverters, batteries, and solar energy solutions. Additionally, the company is actively involved in supplying 1.5 million prepaid smart meters to Energy Efficiency Services (EESL) in Bihar, Haryana, and Uttar Pradesh. Schneider Electric plans to continue deploying feature-rich smart meters for projects falling under the revamped distribution sector scheme (RDSS). Schneider Electric India, a subsidiary of the French conglomerate Schneider Electric, currently operates 30 active factories across the country, including five smart factories situated in Hyderabad, Bengaluru, and Chennai.

Next Story
Infrastructure Urban

Indian Army and JCBL to Set Up Vehicle Repair Hub in Leh

The Fire & Fury Corps of the Indian Army has signed a Memorandum of Understanding (MoU) with Airbornics Defence & Space (ADSL), a company under the JCBL Group, to establish a New Generation Vehicle (NGV) Repair Hub and Warehouse within the 14 Corps Zonal Workshop in Leh.This initiative marks a significant step toward enhancing the Army’s logistics and operational readiness by creating a dedicated OEM-backed maintenance and repair ecosystem for next-generation vehicles deployed in the high-altitude region.The MoU signing ceremony took place at Headquarters 14 Corps, Leh, in the presence of Lt..

Next Story
Equipment

SANY India Strengthens Rajasthan Presence with New 4S Dealership in Jaipur

SANY India, a leading manufacturer of construction, mining, road, logistics, and energy equipment, has inaugurated a new 4S dealership (Sales, Service, Spares, Stocking) in Jaipur in partnership with Shree Balajee Infra. This expansion reinforces SANY India’s commitment to delivering world-class products and enhanced after-sales support to customers across Rajasthan.The dealership will serve key regions including Kanakpura, Jaipur, Kekri, Kota, Bayana, Nagor, Alwar, Ajmer, Udaipur, Kelwa, Jalore, Bhilwara, and Chitamba, providing convenient access to SANY’s extensive product range and effi..

Next Story
Infrastructure Urban

Rose Merc and WhatsLoan Partner to Advance Digital Lending in India

Rose Merc, a leading investment and marketing firm, and WTSLN Fintech Private Limited (WhatsLoan), a pioneering technology service provider in digital lending, have signed a Memorandum of Understanding (MoU) to collaborate on innovative digital lending solutions across India.The partnership focuses on enhancing access to loans and financial services for farmers, consumers, and MSMEs, particularly in the Priority Sector Lending (PSL) segment, which often faces high service costs and longer turnaround times. By leveraging Rose Merc’s extensive market network and insights, the collaboration wil..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?