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

Asian author creates bilingual books to 'save languages'
News

Asian author creates bilingual books to 'save languages'

IND vs ENG
Cricket

India look to clinch maiden women's T20I series win against England

Helldivers 2
Games

Helldivers 2 coming to Xbox this August, Sony confirms

Hrithik Roshan and Jr NTR in
Entertainment

Will YRF’s plan to keep Hrithik Roshan and Jr NTR apart boost 'War 2’s hype or backfire?

More For You

UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Bond yields ease following Starmer’s support for Reeves

THE COST of UK government borrowing fell on Thursday, partially reversing the rise seen after Chancellor Rachel Reeves became emotional during Prime Minister’s Questions.

The yield on 10-year government bonds dropped to 4.55 per cent, down from 4.61 per cent the previous day. The pound also recovered slightly to $1.3668 (around £1.00), though it did not regain all its earlier losses.

Keep ReadingShow less
modi-trump-getty
Modi shakes hands with Trump before a meeting at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)
Getty Images

Indian exporters watch closely as Trump says trade deal with India likely

THE US could reach a trade deal with India that would help American companies compete more easily in the Indian market and reduce tariff rates, President Donald Trump said on Tuesday. However, he cast doubt on a similar deal with Japan.

Speaking to reporters on Air Force One, Trump said he believed India was ready to lower trade barriers, potentially paving the way for an agreement that would avoid the 26 per cent tariff rate he had announced on April 2 and paused until July 9.

Keep ReadingShow less
Kolhapuri sandal sales surge in India post Prada controversy

Customers shop for 'Kolhapuri' sandals, an Indian ethnic footwear, at a store in New Delhi, India, June 27, 2025. REUTERS/Adnan Abidi

Kolhapuri sandal sales surge in India post Prada controversy

INDIAN footwear sellers and artisans are tapping into nationalist pride stoked by the Prada 'sandal scandal' in a bid to boost sales of ethnic slippers with history dating back to the 12th century, raising hopes of reviving a struggling craft.

Sales are surging over the past week for the 'Kolhapuri' sandals that have garnered global attention after Prada sparked a controversy by showcasing similar designs in Milan, without initially crediting the footwear's origins.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Economy grew 0.7 per cent in Q1 2025, fastest in a year

THE UK economy expanded at its fastest pace in a year during the first quarter of 2025, driven by a rise in home purchases ahead of a tax deadline and higher manufacturing output before the introduction of new US import tariffs.

Gross domestic product rose by 0.7 per cent in the January-to-March period, the Office for National Statistics (ONS) said, confirming its earlier estimate. This was the strongest quarterly growth since the first quarter of 2024.

Keep ReadingShow less
modi-trump-getty
Trump shakes hands with Modi during a joint press conference at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)
Getty Images

Key issues in India, US trade talks

TRADE talks between India and the US have hit a roadblock over disagreements on duties for auto components, steel and farm goods, Indian government sources said to Reuters, dashing hopes of reaching an interim deal ahead of president Donald Trump's July 9 deadline to impose reciprocal tariffs.

Here are the key issues at play:

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