Schneider Electric, a French company, would spend Rs. 3200 crore in India
The French multinational Schneider Electric, which focuses on energy management and digital automation, has pledged to invest Rs 3,200 crore in India by 2026 in an effort to increase its market share. This move will help the company not only support its domestic operations but also take advantage of international opportunities.
The corporation opened a cooling facility in the city on Thursday, investing Rs 100 crore as part of its road map. The new, cutting-edge facility, which spans around 6.5 acres, will concentrate on creating creative cooling solutions to fulfill the nation’s data center ecosystem’s exponential need. Schneider owns all of it, and it will serve both local and foreign markets.
Modern technology in the new plant allows it to provide cooling solutions and products for telecom, commercial, and industrial applications in addition to its primary target market of data centers. From this point on, new products will be released, such as high-efficiency chillers, FANWELL systems, Precision Air Conditioning (PAC), Primary Air Handling Units (PAHU), and High-Tech Row Cooling Systems.
With its notable advancements in IT, connectivity, and digitalization, India is becoming a hotspot for data centers. India’s data center capacity is expected to surpass one gigawatt in 2024 and reach three gigawatts in the following five years, according to Cushman & Wakefield. This necessitates the integration of effective, sustainable energy management systems. Data volatility is the main issue that the data center industry is now dealing with.
Schneider Electric EVP (Secure Power Division & Data Center Business), Pankaj Sharma, reaffirmed that the facility will not only address the cooling requirements of high-density computing environments, but also contribute to building resilient and sustainable data center infrastructure. “Buoyed by the high growth in AI, the demand for data processing is seeing an uptick, leading to increased demand for cooling solutions.”
INDIANA AS THE CENTER
One of the Schneider Group’s four centers, along with France, the United States, and China, is India. Approximately 6,000 R&D digital software engineers work in the nation now, making up 37,000 employees overall.
“Being a hub implies that we are a capable group capable of creating and producing goods tailored to the regional market,” said Deepak Sharma, MD & CEO of Schneider Electric India Zone President (Greater India).
As we develop as a hub, helping other nations—whose surroundings are very similar to ours—becomes our next duty. In doing so, India is serving as a base of export for nations in the Middle East, Asia-Pacific, Africa, and other regions, all the while contributing to the North American market.”
This means that the new cooling facility will play a major part in the company’s worldwide supply chain, with 85% of the items produced there going to international markets.
“For us, India is a big market. By 2026, we want to have invested Rs 3,200 crore to increase our market share in the nation. As part of that pledge, the new plant will do more than just produce goods; it will also create employment in Karnataka and boost the state’s economy, the CEO said, adding that the investment in question will signal the start of more projects that are presently in the execution stage and will be opened this year.
