Schneider Electric, a prominent player in energy management and automation, has announced that it will invest Rs 3,200 crore by 2026 to establish India as a manufacturing powerhouse for both local and foreign sales.

Schneider Electric launched a Rs 100 crore facility in Bengaluru on Thursday to develop cooling solutions for data centers as part of the strategy. Schneider Electric India President-Greater India Zone and MD & CEO Deepak Sharma told PTI on the sidelines of the plant inauguration that the business will spend Rs 3,200 crore in India to establish it as a manufacturing powerhouse for the group.

As part of this, the business will establish production sites for its numerous goods and solutions throughout India. According to Sharma, the business has already begun establishing a number of locations around India.

The primary objective of this cooling solutions factory is to provide cutting-edge cooling solutions that can satisfy the nation's rapidly increasing demand for the data center ecosystem. Built on an area of around 6.5 acres, the new facility cost Rs 100 crore (about EUR 10 million) to construct.

Approximately 85% of the goods produced at this plant will be exported, primarily serving the data center market as well as buildings, industries, and infrastructure. This plant, which is entirely owned by Schneider Electric, will be essential to the company's international supply network. This plant is the company's second chiller solutions factory worldwide. It had established Italy's first facility of the kind.

The most recent factory of SchneiderElectric demonstrates the company's steadfast dedication to offering cutting-edge, very sustainable, and efficient goods and solutions. With state-of-the-art equipment, this new facility specializes in manufacturing cooling systems and products for data centers, telecom, commercial, and industrial applications in both home and foreign markets.