Schneider Electric, a global leader in energy management and automation, is ramping up its operations in India with a Rs 3,200-crore investment. The company plans to set up new manufacturing plants in Kolkata and Hyderabad while expanding capacity at its existing facilities.
ALSO READUK FTA must ease non-tariff barriers on Indian whiskey: Industry
Speaking to FE, Manish Pant, executive vice-president (International Operations), said that the company is optimistic about a sea of opportunities in India and has firm plans for continued investments in the country. “We have already announced about Rs 3,200 crores of investment and we continue to expand our factories. In the recent past, we have inaugurated factories in Bangalore, we have made a new factory in Hyderabad, and we have announced the expansion in our vacuum factories, where we make medium voltage circuit breakers in Kolkata,” he said.
Highlighting the growth areas, Pant said India, the US, and West Asia are the three big growth markets for the company. “The way the economy is growing, the way the energy transition is growing in India, we are very strongly committed and have a very strong presence here. We need to continue to invest here to match the growth,” he added.
“We are making sure that we bring the world-class industrial facilities and at the same time, there is an expansion of our capacities to meet the demand in India, but that expansion demand has to come with new innovations that we are also doing in India,” he said.
With its Lauritz Knudsen brand, Schneider Electric aims to develop localised solutions across sectors, from agriculture to infrastructure. Meanwhile, through Luminous Power Technologies, the company focuses on serving the residential market.
Speaking on its financial performance, Pant noted that the company’s margins at the global level are healthy with its EBITDA margin at 18.6% and Schneider hopes to maintain healthy growth. India, the US, and West Asia are the three areas where the company sees the largest growth coming to 2027.
ALSO READCement volumes set to trend up in Q4 – Key reasons why
Pant highlighted Schneider Electric’s robust financial performance, stating that the company maintains strong global margins, with an Ebitda margin of 18.6%. He identified India, the US and West Asia as the primary growth engines,
» Read More
