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Schneider Electric lays foundation of its new factory in Kolkata

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Schneider Electric lays foundation of its new factory in Kolkata

April 29
09:16 2023
Schneider Electric’s new factory is to be completed by February 2024; manufacturing operation is expected to start in Q2 FY25

Schneider Electric laid the foundation of its new factory in Kolkata. It is expected to accelerate and significantly grow its capacity in producing products, such as Vacuum Interrupters (VI), and strengthen its power systems vertical. Covering an area of nine acres, this new facility will involve an investment of around ₹140 crores.

The new facility is planned to be completed by February 2024. The manufacturing operation is expected to start in the second quarter of the next financial year, as per the company’s press statement.

Also read: Deepak Sharma to lead Schneider Electric’s India operations

“The idea behind the development of this factory is to strengthen India’s growing position as a global force in manufacturing and exports,” said Nitin Bakshi, Vice President, Global Supply Chain- India, MEA, SAM & Pacific, Schneider Electric. He added, “The new facility will export 50 per cent 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,” Bakshi said.

Schneider Electric had, in December 2022, announced the consolidation of six of its existing factories to introduce one of the largest smart factories, globally, in Bengaluru. It also announced the groundbreaking of its new smart factory in Hyderabad, which upon completion, will be the company’s second smart factory in the city.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

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