Schneider Electric India plans to invest Rs 3,200 crore by 2026 to expand its operations across nine states in the country
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- Schneider Electric India is a subsidiary of French firm Schneider Electric.
- The company has 30 active factories in the country.
- Among these, five smart factories are located at Hyderabad, Bengaluru, and Chennai.
- Company's Luminous brand is powering 100 million consumer homes through inverters, batteries, and solar energy solutions
- Company is managing over 700 MW of renewable energy power purchase agreements and providing sustainable solutions.
- It includes on-site solar installations and the procurement of off-site solar and wind energy.
- Approximately 15 per cent of solar power installed in India runs on Schneider Electric solutions
- In line with growth ambitions, plans to invest EUR 350 million (Rs 3,200 crore) in expanding industrial footprint with the addition of 12,00,000 square feet up to 2026.
- These investments are spread over Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand
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