Schneider Electric India to set up 2nd unit in Telangana, invest Rs 300 cr
Schneider Electric India Pvt Ltd will set up its second facility in Telangana with an investment of Rs 300 crore, company's CEO and MD Anil Chaudhary said on Thursday.
The factory will be set up on a 18-acre land at GMR Industrial Park in the state capital of Telangana.
He was speaking at the ground-breaking ceremony of the facility where Telangana Minister of IT, Municipal Administration and Urban Development KT Rama Rao was the chief guest.
"The new 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 crore in this project, which will in turn create additional 1,000 jobs," Chaudhary said.
Rao in his address said Telangana is becoming a hub for manufacturers. He said the new unit of Schneider Electric will be the company's largest factory in India.
"The upcoming smart factory will greatly contribute to the state's economy, which is bolstering its position as a leading ..