Schneider Electric has broken ground on its $36.82m (Rs3bn) smart factory in Telangana, the southern state of India.
This factory will be built on 18-acre land at GMR Industrial Park.
It will be the firm’s second plant in the state and 31st in India.
The new factory will be built in two phases.
The first phase with 200,000ft2 is expected to complete in September 2023.
It will employ 3,000 people once operational, and will be positioned as the ‘largest and smartest’ factory of Schneider Electric.
Schneider Electric India CEO and MD Zone President India Anil Chaudhry said: “We believe that as an industry leader, it is the most opportune time for us to accelerate our efforts and contribute to the economic growth of the country and individual states.
“We follow India for India and India for Globe strategy, manufacturing in India for local consumption and global exports to over 30 countries. This project is set to contribute to our ongoing efforts for Aatmanirbhar Bharat. And I thank the State of Telangana for the support extended to make this dream a reality.”
The current smart factory in Telangana was recently recognised as an Advanced Lighthouse by the World Economic Forum.
It is an 180,000ft2 facility built on 10 acres and employs around 2,000 people, reported The Hindu.
Schneider’s facilities in India serve domestic as well as international markets, with about 90% of its products sold in India.
The company expects 75% export volume capacity from the new facility to bolster its position as a export hub for international customers.
It has been operational in India for six decades and employs 35,000 people.
Image: The new factory will be built in two phases. Credit: Hands off my tags! Michael Gaida from Pixabay.