Schneider Electric lays foundation of its factory in Kolkata; invests Rs 140 Cr
Schneider Electric, the global leader in digital transformation of energy management and next-gen automation, hosted the ground breaking ceremony of its new manufacturing plant at Prospace Industrial Park Pvt Ltd., in Kolkata. Covering an area of 9 acres, this new facility will involve an investment of Rs 140 crores.
Schneider Electric aims to grow its capacity in producing products such as Vacuum Interrupters (VI) and strengthen its power systems vertical through this new factory. This new facility is planned to be completed by February 2024, with the manufacturing operations expected to start in the second quarter of the next financial year.
Deepak Sharma, Zone President (Designate) – Greater India, Schneider Electric and MD and CEO SEIPL (Designate), said, “Today marks a momentous occasion for the Schneider Electric family. This upcoming world class factory in Kolkata is aimed at accelerating our commitment to ‘Make in India’. We will be investing approximately Rs 140 crores for setting up of this new facility which will enable economic development and job creation in the state.”
Nitin Bakshi, Vice President, Global Supply Chain – India, MEA, SAM & Pacific, Schneider Electric added, “The idea behind the development of this factory is to strengthen India’s growing position as a global force in manufacturing and exports… This new facility will export 50% of the peak volume capacity, meeting the need of customers in India and across the world.”
