22 March 2024 – French multinational Schneider Electric has unveiled plans to invest Rs 3,200 crore in India by 2026, aiming to bolster its foothold in the burgeoning Indian market while capitalizing on global opportunities. The company recently inaugurated a cutting-edge cooling factory in the country, signaling its commitment to expanding operations and catering to the surging demand for data center solutions.
The newly inaugurated cooling facility, representing a Rs 100 crore investment, underscores Schneider Electric’s strategic focus on enhancing its presence in India’s digital automation and energy management sector. Situated across 6.5 acres, the state-of-the-art factory will concentrate on developing innovative cooling solutions tailored for various sectors, including telecom, commercial, industrial, and notably, data centers.
Driven by India’s rapid digital transformation, the data center industry is experiencing unprecedented growth, with projections indicating a capacity surge to over 1 GW in 2024 and potentially reaching 3 GW within the next five years. Recognizing the evolving landscape, Schneider Electric aims to address the pressing need for efficient and sustainable energy management systems, particularly in data centers facing challenges of data volatility.
Schneider Electric’s EVP for Secure Power Division & Data Center Business, Pankaj Sharma, emphasized the pivotal role of the new facility in meeting the escalating demand for cooling solutions, thereby fortifying the resilience and sustainability of data center infrastructure.
As one of the four hubs of the Schneider group, India plays a pivotal role in the company’s global operations. With about 6,000 R&D digital software engineers and a commitment to bolstering local manufacturing capabilities, India serves as an export base for markets across the Middle East, Asia-Pacific, Africa, and beyond. The cooling facility, expected to export 85% of its products, will contribute significantly to Schneider Electric’s global supply chain while generating employment opportunities and fostering economic growth in Karnataka.
