Hyderabad: Schneider Electric, the global leader in digital transformation of energy management and automation with presence in over 100 countries, announced setting up its second state-of-the-art manufacturing facility in Hyderabad.
The announcement came after Telangana Industries and Commerce Minister KT Rama Rao met the leadership of Schneider Electric on the side lines of World Economic Forum 2022 in Davos.
Rama Rao along with Schneider Electric’s Executive Vice President Luc Remont made the announcement about expansion in Hyderabad.
“The Telangana Government is working steadfastly towards transforming the State as the most attractive investment destination in the country. As Telangana continues to grow, companies like Schneider Electric will play a crucial role in meeting energy management and automation needs of our industries and factories. Schneider Electric while doubling it’s capacity with its second manufacturing facility in Telangana will help create additional 1,000 jobs. The company will manufacture breakers, connectors and switches for energy management and automation products from its new facility,” Rama Rao said.
The first facility of Schneider Electric in Hyderabad was adjudged the ‘Advanced Light House’ by World Economic Forum. Schneider is implementing technologies such as Industrial Internet of Things Infrastructure, predictive and prescriptive analytics and AI deep learning.
Rama Rao and industries Principal Secretary Jayesh Ranjan assured Schneider Electric of all support from Government of Telangana in setting up this facility.