# Schneider Electric to invest Rs 1,400 crore in five new Indian factories

Schneider Electric announced a plan to invest Rs 1,400 crore to build five new domestic factories in India over the next two years, as stated by Chairman and CEO Jean-Pascal Tricoire at ELECRAMA 2023.

- Type: Investment
- Announced: 2023-02-18
- Where: India
- Value: $170.0M (14.0B INR)
- Status: announced
- Products: energy management solutions, automation solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md)

## Sources

- [tndindia.com](https://www.tndindia.com/schneider-electric-set-to-grow-manufacturing-footprint-to-invest-rs-1400-crore/), 2023-02-18: "Schneider Electric has announced its plan to invest Rs.1,400 crore towards increasing its manufacturing footprint in India."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.