Skip to content
Search

Latest Stories

Schneider Electric to make India its manufacturing hub

The energy management major will invest Rs 32 billion by 2026 to make India its manufacturing hub for domestic sales as well as exports

Schneider Electric to make India its manufacturing hub
Shajil Kumar
By Shajil KumarMar 22, 2024

Energy management and automation major Schneider Electric plans to invest Rs 32 billion by 2026 to make India its manufacturing hub for domestic sales and exports.

Under the plan, Schneider Electric on Thursday (21) inaugurated a facility in Bengaluru with Rs 1 billion investment to produce cooling solutions for data centres.

This is Schneider's second chiller solutions factory across the world. It had set up the first such facility in Italy.

On the sidelines of the event, Schneider Electric India President-Greater India Zone and MD & CEO Deepak Sharma said the company would set up manufacturing facilities in Maharashtra, Karnataka, Gujarat, Telangana, Tamil Nadu, West Bengal, Uttarakhand and Odisha states for its various products and solutions.

The France-based company currently has 30 factories across India.

The new factory will focus on developing innovative cooling solutions suitable for data centres, telecom, commercial, and industrial applications, both in domestic and international markets.

The factory is fully-owned by Schenider and as much as 85 per cent of the products manufactured here will be exported. (PTI)

Related News

Leading a new era of digital assets — ALR Miner partners with XRP to launch an efficient cloud mining revolution
Business

Leading a new era of digital assets — ALR Miner partners with XRP to launch an efficient cloud mining revolution

Sanjay Bhandari's extradition appeal opens in London
Business

Sanjay Bhandari's extradition appeal opens in London

Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch's global television and publishing empire, in Reno, Nevada, US, September 23, 2024. (Photo: Reuters)
Business

Murdoch's bid to secure eldest son's control of media empire fails

Kamlesh Pattni faces UK sanctions for illicit gold trade
Business

Kamlesh Pattni faces UK sanctions for illicit gold trade

More For You

SNEYD Launches Mobile App, Simplifying Cloud Mining for Global Cryptocurrency Investors

SNEYD Launches Mobile App, Simplifying Cloud Mining for Global Cryptocurrency Investors

As the global cryptocurrency market expands, UK-based cloud mining platform SNEYD has released a new mobile app that redefines how users participate in cryptocurrency mining. This launch provides a seamless experience for users looking to earn passive income from Bitcoin, Dogecoin, Litecoin, and other major digital assets—without requiring hardware or technical expertise.

As the global cryptocurrency market expands, UK-based cloud mining platform SNEYD has released its new mobile app, redefining how users can participate in cryptocurrency mining. This launch provides a seamless experience for users looking to earn passive income from Bitcoin, Dogecoin, Litecoin, and other

Keep ReadingShow less
Modi-Getty

In his Independence Day address, Modi said the goods and services tax (GST) would be reformed and rates lowered by Diwali, which falls in October. (Photo: Getty Images)

Getty images

India to slash consumption tax by October after Modi’s reform push

INDIA’s government will reduce consumption tax rates by October, a top official said on Friday, hours after prime minister Narendra Modi announced reforms to support the economy amid trade tensions with the United States.

The federal government is planning a two-rate structure of 5 per cent and 18 per cent, removing the existing 12 per cent and 28 per cent slabs, the official told Reuters, requesting anonymity as the plans are still under discussion.

Keep ReadingShow less
Morrisons CEO joins Gol Gappay eating contest to mark South Asian Heritage Month

CEO of Morrisons Rami Baitiéh (centre) takes on the Heera Foods Gol Gappay challenge

Morrisons CEO joins Gol Gappay eating contest to mark South Asian Heritage Month

Morrisons chief executive Rami Baitiéh took part in a lively “Gol Gappay Challenge” at the supermarket’s Bradford headquarters on Tuesday, as part of celebrations for South Asian Heritage Month.

The event, hosted in the company’s central atrium, was led by Bradford-based Heera Foods, which served up its popular Gol Gappay – crispy puris filled with spiced chickpeas and tangy water – to staff and visitors.

Keep ReadingShow less
One-click start, SNEYD makes digital asset income within reach

One-click start, SNEYD makes digital asset income within reach

Amid persistent inflation, high market volatility, and an uncertain economic outlook, many people are anxious and unsure about their financial future. While we can't influence the direction of the macroeconomy, we can still control the direction of our personal finances. Understanding your own financial situation is the first step towards financial well-being. With clear financial insight, you can make more confident and forward-thinking decisions, building a stronger future for yourself and your family.

About SNEYD

Keep ReadingShow less
Mounjaro

When Mounjaro was launched in Britain, Lilly set a list price 'significantly below' that in its other three European markets to avoid delays in NHS availability. (Photo: Reuters)

Lilly to raise UK Mounjaro price by 170 per cent from September

ELI LILLY said on Thursday it will increase the UK list price of its weight-loss drug Mounjaro by up to 170 per cent. The price change comes as the White House urges drugmakers to raise prices in Europe to enable price cuts in the United States.

The new price, which also applies to Lilly's type 2 diabetes medicine sold under the same name, will take effect in September. A month's supply of the highest dose will rise from £122 to £330, the company said.

Keep ReadingShow less
© Copyright 2025 Garavi Gujarat Publications Ltd & Asian Media Group USA Inc
Contact Us