Schneider Electric to invest ₹3,200 crore in India to grow footprint, enhance tech capabilities by 2026, ET EnergyWorld

New Delhi: In a significant move that underscores its commitment to India’s growing industrial and technological sector, Schneider Electric India plans to invest ₹3,200 crore to enhance its industrial footprint across the country by 2026. The expansion will include an addition of 12,00,000 square feet of space spread over nine states, including Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand, Deepak Sharma, President-Greater India Zone and MD & CEO of Schneider Electric India, said in an interaction with ET Energyworld.

Deepak Sharma also highlighted that Schneider Electric India is not just expanding its footprint but also looking to delve deep into the future of energy storage by expanding its battery manufacturing portfolio and developing newer technologies and chemistries for batteries. “This strategic investment is a testament to our commitment to innovation and our vision for a sustainable future. We are not only expanding our manufacturing capabilities but also focusing on the development of cutting-edge battery technologies and chemistries,” he stated.

Highlighting the company’s focus on supporting the rapidly expanding data center market in India, Sharma mentioned the inauguration of a new facility in Bengaluru dedicated to producing cooling solutions for data centers. With nearly ₹100 crore invested in this state-of-the-art factory, Schneider Electric aims to address the growing demand for cooling products, a sector witnessing exponential growth due to the surge in digital transformation and cloud computing adoption.

“The data center industry’s demand for advanced cooling solutions is on a rapid rise, fuelled by the digital economy’s expansion and the cloud computing boom. Our new Bengaluru facility is a testament to our efforts to meet this demand, not just in India but globally,” Sharma stated.

The data center sector in India is experiencing robust growth, with projections indicating a Compound Annual Growth Rate (CAGR) of 14% between 2021 and 2027. Schneider Electric, with a significant market share, powers one out of every three data centers worldwide, positioning itself as a major player in providing data center solutions.

India is emerging as one of the largest and fastest-growing data center markets globally, driven by the digital economy, widespread internet access, and the transition to 5G networks. The government’s emphasis on stable data center infrastructure aims to ensure uninterrupted internet access, data security, and efficient cloud computing. The country’s data center capacity in the top seven cities is expected to double to over 1,800 MW by 2026, requiring an investment of US$ 10 billion, with the industry’s capacity projected to see a five-fold increase in the next five years.

  • Published On Mar 21, 2024 at 05:05 PM IST

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