Schneider Electric, automation and digital transformation in energy management company held a ground-breaking ceremony for its new smart facility, which will cost Rs 300 crore, at GMR Industrial Park, Hyderabad, Telangana.
KT Rama Rao, Minister of IT & Industries, Emmanuel Lenain, Ambassador of France to India as well as Jayesh Ranjan, Principal Secretary, Industries and Commerce Department were present at the ceremony.
The unit, which will cover 18 acres, will be the second Telangana factory of the company. It is expected to serve as a harbinger for growth and strengthen resilience in supply chain operations.
Two phases will be used to build the new facility. The first phase, which covers two lakh square feet, will be completed in September 2023.
“I congratulate Schneider Electric on this momentous occasion. The upcoming smart factory will greatly contribute to the state’s economy, which is bolstering its position as a leading investment hotbed. 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,” Rama Rao said.
Emmanuel Lenain said, “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.”
“Today is a proud moment for us. The new upcoming state-of-the-art smart factory is a testament to our commitment to making Hyderabad a leading manufacturing hub in the country. We will be investing over INR 300 crore in this project, which will, in turn, create additional 1,000 jobs,” Anil Chaudhry, Zone President, India and CEO & MD Schneider Electric India said.