Schneider Electric bets big on low-voltage products
Posted by schneiderelectric on November 14th, 2017
Schneider Electric is eyeing a bigger pie of the Rs 5000 crore low voltage electrical products, distribution boards, switches and sockets market in the country, projected to grow at a faster pace triggered by increased consumption in the real estate and infrastructure segment.
Growing at about 4-5 per cent per annum, this market referred to as FDWD (final distribution and wiring devises), promises immense scope for growth. In this market, Schneider has been growing at about 30 per cent per annum, Prem Rachakonda, Regional Director, Schneider Electric India, said.
The company is also planning to come out soon with infra red touch switches with remote control facility, considered to be a promising segment.
Asked about the GST impact on the electrical products and equipment sector where the company operates, Prem Rachakonda, said, “The implementation of GST will be good for a company with 28 manufacturing units located in different States. However, in the near term, there could be some transitional issues.”
With the low voltage products less than 1000 volts categorised in the 28 per cent slab, there is potential for increase in prices by about 10 to 15 per cent, he said.
Schneider Electric is already executing an Electrician Training programme under which it has trained more than 50,000 electricians across India. The company plans to open training centres in 500 districts across the country and help set up a Centre of Excellence focused on power, solar and automation sectors.
The Euro 25 billion plus Schneider Electric has 28 manufacturing facilities in the country and one such facility near Hyderabad has recently been expanded. Products made at the facility are exported to 24 countries.
The company has initiated a pan-India campaign to familiarise local electricians and those in the electrical equipment trade on safety, energy efficiency and new generation products.
Schneider Electric is the global specialist in energy management and automation. With revenues of ~€25 billion in FY2016, our 144,000 employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this *Life Is On*. Schneider Electric is the worldwide expert in energy administration and automation. With incomes of ~€25 billion in FY2016, our 144,000 representatives serve clients in more than 100 nations, Schneider Electric helping them to deal with their energy and process in ways that are protected, dependable, productive and practical. From the least difficult of changes to complex operational frameworks, Schneider Electric innovation, programming and administrations enhance the way our clients oversee and computerize their operations. Schneider Electric associated advancements reshape businesses, change urban communities and advance lives. At Schneider Electric, we call this Life Is On. Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.Also See: Schneider Electric, Low Voltage, 25 Billion, Prem Rachakonda, Schneider, Electric, Energy
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