Schneider Electric hosted the ground breaking ceremony of its Smart Factory at GMR Industrial Park in Hyderabad. Spread over 18 acres, the upcoming unit will be the company’s second factory in Telangana. The new facility will be developed in two phases. The first phase with 2 lakh sq. ft. facility area is expected to be completed in September 2023.
“Today is a proud moment for us. The new upcoming state-of-the-art smart factory is testament to our commitment towards making Hyderabad a leading manufacturing hub in the country. We will be investing over Rs 300 crores in this project, which will in turn create additional 1,000 jobs. We believe that as an industry leader, it is the most opportune time for us to accelerate our efforts and contribute to the economic growth of the country and individual states. We follow India for India and India for Globe strategy, manufacturing in India for local consumption and global exports to over 30 countries. This project is set to contribute to our ongoing efforts for Aatmanirbhar Bharat. And I thank the State of Telangana for the support extended to make this dream a reality,” said Anil Chaudhry, Zone President, India and CEO & MD Schneider Electric India.
IT and Industries Minister KT Rama Rao attended the ceremony. “I congratulate Schneider Electric on this momentous occasion. The upcoming smart factory 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,” said KTR.