Telangana Industries and Commerce Minister K T Rama Rao met the leadership of Schneider Electric on the sidelines of the World Economic Forum 2022 in Davos.
Schneider Electric is the global leader in the digital transformation of energy management and automation with a presence in over 100 countries.
Minister K T Rama Rao along with Schneider Electric’s Executive Vice President Luc Remont, announced Schneider Electric’s expansion and commitment to the state of Telangana by setting up the second state-of-the-art manufacturing facility in Hyderabad.
The first facility of Schneider Electric in Hyderabad was adjudged the “Advanced Lighthouse” by implementing 4 IR technologies such as IIOT infrastructure, predictive/prescriptive analytics, and AI deep learning by World Economic Forum this year.
On the occasion of this announcement, Minister KTR said, the Government was working steadfastly towards transforming Telangana into the most attractive investment destination in the country. As Telangana continues to grow companies like Schneider Electric will play a crucial role in meeting the energy management and automation needs of our industries and factories.
Schneider Electric while doubling its capacity with its second manufacturing facility in Telangana would also help create additional 1,000 jobs. The company would manufacture Breakers, connectors, and switches for energy management and automation products from its new facility, he said.
Minister KTR and Principal Secretary ITE&C, I&C Jayesh Ranjan assured Schneider Electric of all support possible from the Government of Telangana in setting up the facility.