On 20th April, Schneider Electric announced its plan to invest INR 140 crore in setting up a new factory in West Bengal. The company will locate the new facility at Prospace Industrial Park Pvt. Ltd. in Kolkata, covering 9 acres of land.
The purpose of the new factory is to increase the company’s production capacity of vacuum interrupters (VI) and to strengthen its power systems vertical.
Schneider Electric aims to complete the construction of the facility by February 2024 and commence manufacturing operations in the second quarter of the next financial year.
Biltrax Construction Data is tracking 23,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
0
