Schneider Electric Lays Foundation of its New State-of-the-art Factory in Kolkata
Schneider Electric, the global leader in digital transformation of
energy management and next-gen automation, hosted the ground breaking ceremony
of its new manufacturing plant at Prospace Industrial Park Pvt Ltd., in
Kolkata. Covering an area of 9 acres, this new facility will involve an
investment of INR 140 crores. Schneider Electric aims to accelerate and
significantly grow its capacity in producing products such as Vacuum
Interrupters (VI) and strengthen its power systems vertical through this new
factory. This new facility is planned to be completed by February 2024, with
the manufacturing operations expected to start in the second quarter of the
next financial year.
Mr. Deepak
Sharma, Zone President
(Designate) – Greater India, Schneider Electric and MD and CEO SEIPL (Designate),
said, “Today marks a momentous
occasion for the Schneider Electric family. This upcoming world class factory
in Kolkata is aimed at accelerating our commitment to ‘Make in India’. We will
be investing approximately INR 140 crores for setting up of this new facility
which will enable economic development and job creation in the state. With 60
years of presence in India, we will continue to contribute actively towards an
Atmanirbhar Bharat by manufacturing in India for India and for the globe. Our efforts
are aimed at cementing India’s position as a world leader in exports and
manufacturing. I thank the Government of India and West Bengal for their
support”
Mr. Nitin
Bakshi, Vice President, Global Supply Chain- India, MEA, SAM & Pacific,
Schneider Electric added, “The idea behind the development of this factory is to strengthen
India’s growing position as a global force in manufacturing and exports. This
upcoming factory will bind the power of India’s talent and vision of
self-reliance into a global phenomenon. This new facility will export 50% of
the peak volume capacity, meeting the need of customers in India and across the
world. Our new age digital technologies will prove to be a game changer in the
energy management industry for years to come.”
Schneider
Electric aims to strive for excellence in technology and sustainability to meet
the dynamically changing needs of its customers and partners. In December 2022,
we announced consolidation of 6 of our existing factories to launch one of our
largest smart factories, globally, in Bengaluru. In Sept 2022, we announced the
groundbreaking of our new smart factory in Hyderabad which upon completion will
be our 2nd smart
factory in the city. Our existing smart factory in Hyderabad has been
recognized as an Advanced Lighthouse by the World Economic Forum.
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