Tuesday, Mar 5 2024 | Time 17:08 Hrs(IST)
Business Economy

Schneider performs ground breaking ceremony for Smart Factory

Hyderabad. Sep 29 (UNI) Schneider Electric, the global leader in digital transformation of energy management and automation, on Thursday performed the Ground breaking Ceremony for its upcoming state-of-the-art Smart Factory at GMR Industrial Park in Hyderabad.
The ground breaking ceremony for the Rs 300 crore Smart facility was performed by Telangana Minister for IT and Industries, K T Rama Rao through virtual mode from a hotel in the presence Ambassador of France to India Emmanuel Lenain, Telangana Government Principal Secretary of Industries and Commerce and Information Technology departments Jayesh Ranjan, Schneider Electric India CEO and Managing Director and India Zone President Anil Chaudhry and Schneider Electric Vice-President (Global Supply Chain, International Region) Javed Ahmad.
Speaking on the occasion, KTR, while congratulating Schneider Electric, said the upcoming smart factory will greatly contribute to the state’s economy. We believe this facility, apart from catering to the needs of the industry, will also magnify revenue generation opportunities and boost job creation.
Emmanuel Lenain, said, “I am proud to congratulate Schneider Electric on this new milestone. 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.
Schneider Electric’s decades-long presence in India is a success story that mirrors the strength of the Indo-French partnership and France’s commitment to helping India meet its sustainable development goals.”
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 2 lakh sq. ft. facility area is expected to be completed in September 2023, said Chaudhry on the occasion.
We will be investing over Rs 300 crore in this project which will in turn create additional 1,000 jobs.
The project is set to contribute to our ongoing efforts for Aatmanirbhar Bharat, he added.
Javed Ahmad said 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 per cent export volume capacity will strengthen our position as a reliable export hub for our global customers.
Our manufacturing bases expansion in Telangana will also amplify our contributions to the Make in India programme and the company’s existing smart factory in Hyderabad recently earned the recognition of an Advanced Lighthouse by the World Economic Forum, he said.
Manufacturing the mission-critical products, this Hyderabad smart factory has leveraged Schneider Electric’s fourth Industrial revolution(4IR) based EcoStruxure Solutions backed by AI deep learning, IOT infrastructure and both predictive and prescriptive analytics, Ahmad added.
More News

Kottayam-Kochi Rubber Market rates

05 Mar 2024 | 4:45 PM

Kottayam, Mar 5 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Tuesday per quintal.

see more..

Star Health Insurance disburses claims worth about Rs 44k cr

05 Mar 2024 | 3:41 PM

Hyderabad, Mar 5 (UNI) Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India's largest retail health insurance company, on Tuesday claimed it has become the first standalone health insurance company to achieve the milestone of settling over 1 crore claims since its inception in 2006.

see more..
Spice Jet & Cross Ocean Partners settle Rs 93 crore dispute

Spice Jet & Cross Ocean Partners settle Rs 93 crore dispute

05 Mar 2024 | 3:38 PM

New Delhi, Mar 5 (UNI) Private airline SpiceJet on Tuesday said that it has reached a settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute of about USD 11.2 million (Rs 93 Crore).

see more..

Roche Pharma launches Vabysmo to treat eye diseases

05 Mar 2024 | 2:46 PM

Bengaluru, Mar 5 (UNI) Roche Pharma India on Tuesday forayed into the Ophthalmology space by launching Vabysmo (faricimab) for the treatment of eye diseases.

see more..
Kerala CM to open beach-side startup festival Huddle Global

Kerala CM to open beach-side startup festival Huddle Global

05 Mar 2024 | 2:45 PM

Thiruvananthapuram, Mar 5 (UNI) Having firmly positioned Kerala in India’s startup landscape through the iconic beach-side startup festival Huddle Global since 2018, the sixth edition of the event organised by Kerala Startup Mission (KSUM) will be held at the famed beach destination Kovalam near the state capital from November 28 to 30, 2024.

see more..