schneider electric: Schneider Electric to install 2nd unit near Hyderabad airport at Rs 300 crore | Hyderabad News

HYDERABAD: French energy and automation solutions provider Schneider Electric is set to expand its presence in Hyderabad with a second state-of-the-art facility expected to be invested to the tune of 300,000,000 near Rajiv Gandhi International Airport (RGIA) in Shamshabad.
The proposed facility, which is to emerge at the GMR industrial park in Shamshabad, will double the French giant’s manufacturing capacity in Hyderabad.
The announcement of the second unit came after Telangana Minister of Industries KT Rama Rao met Schneider Electric Executive Vice President Luc Remont on the sidelines of the World Economic Forum (WEF) in Davos .
The new unit will manufacture connectors, switches and circuit breakers for energy management and automation products and generate about 1,000 direct and contract jobs, KTR said.
The French biggie, which is one of the leading players in the digital transformation of energy management and automation, had opened its first smart factory in India in Hyderabad in February 2019, which meets the needs of distribution and energy management and automation of its customers’ machines.
In March this year, this existing smart factory in Hyderabad, which manufactures critical products, was recognized by the WEF as an “advanced beacon” for the implementation of Schneider’s 4IR (fourth industrial revolution) technologies such as the IIOT (Industrial Internet of Things) infrastructure, predictive and prescriptive analytics as well as AI deep learning.
Highlighting that Telangana is making great strides to become the country’s most attractive investment destination, KTR said that as the state grows, companies like Schneider will play a crucial role in meeting the management needs of the economy. energy and automation of industries and factories in Telangana.

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