Global energy management and automation company Schneider Electric on Wednesday said it has opened a new factory in Bengaluru.
The new facility will employ around 700 people, Schneider Electric said in a statement.
"Schneider Electric announces the launch of its factory in Bengaluru for manufacture of industrial uninterruptible power supply (UPS) systems and variable speed drives that regulate the rotation speed of an electric motor. This is Schneider's second such 'Smart' factory in India," the company said.
The first such unit was launched in Hyderabad in February 2019.
Besides, the company has also established such factories in countries like Mexico, China, France, the US, Indonesia and the Philippines.
"Schneider Electric is committed to developing more than 100 Smart Factories by 2020, globally, and the Bengaluru Smart Factory, which manufacturers IT products, is one of our key smart facilities in this region," Mourad Tamoud, Executive Vice President, Global Supply Chain, Schneider Electric said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app