Schneider Electric to invest in Bengaluru’s smart factory

In the upcoming 12 to 18 months, Schneider Electric said it will invest 4,250 million to build a new smart plant and merge six of its current units under a single campus in Bengaluru. In Bengaluru, it now runs 10 facilities. The business has leased 55 acres of land for its most recent expansion on a 10-year lease that will be renewed every 10-years. According to Tamoud, the factories will be spread out over 22 acres of the 55 acres. Our goal is to increase Schneider Electric's capabilities. About 30 nations will receive 80 percent of the factory's exports. As a result, we will be able to raise our manufacturing capacity from 50% to 60% over the next four years thanks to the new facilities. According to the chief supply chain officer, the new facilities will be utilised largely for manufacturing for two of the company's businesses: energy management and industrial automation. Products such drives, low voltage drives, power distribution units, single-phase and three-phase UPS, etc. We'll also produce digital energy items related to metres. By 2026, Schneider Electric anticipates that the expansion will bring in over $52,000 million.