Schneider Electric, the worldwide chief in electricity control and automation, laid the inspiration stone for its contemporary smart manufacturing unit. The organisation is making an investment approximately Rs 300 crore and the power is anticipated to create employment for 1,000 job seekers.
Spread over 18 acres, the approaching unit may be the company’s 2nd manufacturing unit in Telangana, serving as a harbinger of increase whilst strengthening resilience in deliver chain operations. The new factory will be implanted in three phases entailing a total investment of ₹900 crore.
According to Emmanuel Lenain, Ambassador of France to India,
“This factory will be a demonstration of how state-of-the-art technology can support sustainable manufacturing and job creation. It is also emblematic of Telangana’s economic dynamism and attractiveness for French businesses. Schneider Electric’s decades-long presence in India is a success story that mirrors the strength of the Indo-French partnership and France’s commitment to helping India meet its sustainable development goals.”
KT Rama Rao,IT & Industries Minister said:
“The upcoming smart factory will greatly contribute to the State’s economy, which is bolstering its position as a leading investment destination. With India rising as an economic powerhouse, the opportunities are huge. We believe this facility, apart from catering to the needs of the industry, will also magnify revenue generation opportunities and boost job creation.”
Anil Chaudhry, Zone President, India and CEO and MD of Schneider Electric India said:
“We follow India for India and India for globe strategy, manufacturing in India for local consumption and global exports to over 30 countries. Schneider is present in India for almost 60 years and has 35,000 employees.”
The Schneider Electric Smart Factory in Hyderabad recently earned the recognition of an Advanced Lighthouse by the World Economic Forum. Manufacturing the mission-critical products, this Hyderabad smart factory has leveraged Schneider Electric’s Fourth Industrial Revolution (4IR) based EcoStruxure Solutions backed by AI deep learning, IOT infrastructure, and both predictive and prescriptive analytics.