Schneider Electric lays foundation stone for its second factory in Telangana
The event was graced by Telangana Minister for Municipal Administration and Urban Development, KT Rama Rao
HYDERABAD: Schneider Electric, French multinational company that specializes in digital automation and energy management, hosted the ceremony of laying a foundation stone for its upcoming State-of-the-art Smart Factory at GMR Industrial Park in Hyderabad on Thursday. The event was graced by Telangana Minister for Municipal Administration and Urban Development, KT Rama Rao. Approximately Rs 300 crores have been invested in the project which is expected to generate 1,000 jobs in the state.
Minister KT Rama Rao speaking at the ceremony, said, "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."
Spread over 18 acres, 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 two phases. The first phase with a two-lakh sq. ft. facility area is expected to be completed in September 2023.
Ambassador of France to India, Emmanuel Lenain, said on the occasion, "This factory will be a demonstration of how state-of-the-art technology can support sustainable manufacturing and job creation. It is also emblematic of Telangana's economic dynamism and attractiveness for French businesses."
"The new upcoming state-of-the-art smart factory is a testament to our commitment towards making Hyderabad a leading manufacturing hub in the country. This project is set to contribute to our ongoing efforts for 'Aatmanirbhar Bharat," said Anil Chaudhry, Zone President, India and CEO and MD Schneider Electric India.
The Schneider Electric Smart Factory in Hyderabad had recently earned the recognition of an 'Advanced Lighthouse' by the World Economic Forum.
Senior Vice President of Schneider Electric, Javed Ahmad added, "The upcoming smart factory will harness the power of Industry 4.0 technologies to make better and faster decisions for enhanced customer experience. 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 the 'Make in India programme'."