Schneider Electric to set new facility at Kolkata
French multinational company Schneider Electric performed the groundbreaking ceremony of its new manufacturing plant at Prospace Industrial Park Pvt Ltd., in Kolkata. The plant would be spread over 9 acres and would involve an investment of INR 140 crores.
The firm aims to accelerate and significantly grow its capacity in producing products such as Vacuum Interrupters (VI) and strengthen its power systems vertical through this new factory. Work on the facility is planned to be completed by February 2024, with the manufacturing operations expected to start in the second quarter of the next financial year.
Also Read: Rs 425 Crore Investment Planned By Schneider Electric