Schneider Electric plans to double its manufacturing capabilities by establishing a new smart factory in Bengaluru. An investment of Rs. 425 crores is planned for the new facility, which will bring under one roof 6 of the 10 existing factories of the company in Bengaluru, the company said.
Expanding its presence to a 1 million sq. feet of industrial setup from the current 500,000 sq ft, the new smart factory will manufacture a large scope of 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% export volume capacity to customers in 30 countries across the world.
According to Anil Chaudhry, Zone President, India and CEO & MD at Schneider Electric India Pvt. Ltd,
“India is the 3rd largest market for Schneider Electric and a huge base for export operations. As an industry leader, we feel that now is the ideal time for us to step up our efforts and support the state and national economic growth. Deemed as the Factory of the Future, 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 while significantly contributing to making India Atmanirbhar.”
Mr. Javed Ahmad, Sr. Vice President, Global Supply Chain, International Region at Schneider Electric said:
“The vision behind this facility is to make manufacturing sustainable, resilient, and agile. This facility will be a union of three different kinds of manufacturing capabilities: Electronics PCBA, Electronics Products, and Electronics Systems. With a projected sale of over INR. 5200 crores by 2026, this manufacturing base expansion in Karnataka will also amplify our investments in 4IR technologies to ensure operational, efficiency, and sustainability.”
To make the supply chain ecosystem more resilient, 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 developing more than 100 smart factories, globally.