KTR lays foundation for Schneider Electric Smart Factory
Hyderabad, September 29: Highlighting the presence of a conducive business atmosphere in Telangana, Schneider Electric, a French energy management and automation player, on Wednesday took the first steps for its Smart Factory with an investment of Rs 300 crore in Phase I.
“The upcoming Smart Factory of Schneider Electric will greatly contribute to the State’s economy, which is bolstering its position as a leading investment hotbed. With India rising as an economic powerhouse, the opportunities are huge. We believe this facility, apart from catering to the needs of the industry, will also magnify revenue generation opportunities and boost job creation,” IT Minister KT Rama Rao said at the foundation laying of the project.
Spread over 18 acre, the upcoming unit will be the company’s second factory in Telangana, serving as a harbinger of growth while strengthening resilience in supply chain operations. The new facility will be developed in three phases. The first phase with 2 lakh sq. ft. facility area is expected to be completed in September 2023.
Each of the three phases will see an investment of Rs 300 crore, taking the total to about Rs 900 crore. The firm aims at creating direct and indirect employment to 1,000 people in each phase, making it 3,000 people at the new unit.
“The upcoming Smart Factory is our commitment towards making Hyderabad a leading manufacturing hub in the country. We will be investing over Rs 300 crore in this project, which will in turn create additional 1,000 jobs. We follow India for India and India for Globe strategy. I thank the State of Telangana for the support extended to make this dream a reality,” said Anil Chaudhry, Zone President, India and CEO and MD, Schneider Electric India.
“The upcoming smart factory will harness the power of Industry 4.0 technologies. This new facility with 75% export volume capacity will strengthen our position as a reliable export hub for our global customers. Our manufacturing base expansion in Telangana will also amplify our contributions to Make In India programme,” said Javed Ahmad, Sr Vice President, Global Supply Chain, International Region, Schneider Electric.
“Schneider Electric’s decades-long presence in India is a success story that mirrors the strength of the Indo-French partnership,” Ambassador of France Emmanuel Lenain said.
Next Story :
Hyderabad, October 02: On the occasion of 154th Birth Anniversary of Father of Nation Mahatma Gandhi On Monday, Commissioner Ronald Rose laid a floral wreath on his portrait at the GHMC headquarters.
Hyderabad, Oct 2 (Maxim News): Governor Dr. Tamilisai Soundararajan paid floral tributes to Mahatma Gandhi on his birth anniversary at Bapu Ghat at Langer House, today.
Hyderabad, Oct 2 (Maxim News): Prime Minister Narendra Modi will flag off the inaugural Siddipet-Secunderabad train service through video conference on October 3. He will also dedicate the new railway line between Manoharabad-Siddiqui as well as electrification between Dharmabad-Manoharabad and Mahbubnagar-Kurnool at a function held in Nizamabad.
Hyderabad, Oct 2 (Maxim News): Kaloji Narayana Rao University of Health Sciences (KNRUHS) is inviting online applications from eligible candidates for the second phase of web-based counseling for allotment of vacant Post Graduate Medical and diploma seats under Management Quota and NRI quota in affiliated private medical colleges for 2023-24.
Hyderabad, Oct 2 (Maxim News): A kindergarten student died after a teacher allegedly hit the child on the head with a slate at a school in Uppal.
Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe. Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates