PM Narendra Modi's Smart City mission has got a host of multinational companies (MNCs) lining up to explore growing opportunities in the Indian market, the latest being- Schneider Electric.
Speaking exclusively to CNCB-TV18's Shweta Kothari, the Chief Technology Officer of the French automation company said they are betting big on Indian operations.
The French energy management company, Schneider Electric is confident of clocking double-digit growth in the Indian market. The 27 billion euro MNC is preparing to make India its export hub on the back of government’s policies such as Make in India, Digital India and Smart City Mission.
The company is currently focusing on building, infrastructure and industrial segments, while also tapping into India’s solar market both organically, as well as through acquisitions to diversify its growth vectors.
Q: What are the plans as far as R&D initiatives is concerned.
A: We invest 1.3 billion euro in R&D and about 11 thousand people are part of R&D. Of this 11 thousand, 1500 people are in India.
Q: Where do you see yourself in India’s digital story?
A: Digital India is extremely important and well aligned with our personal mission. Schneider has 4 priorities in terms of products and solutions and services and digitisation. We want to make all our products digital. Many products we are building are going to be connected and a part of digital India initiative.