Schneider Electric is looking to make India its export hub. Schneider is eying double-digit growth in the India market this fiscal, higher than the industry average of 5 percent.
Schneider runs a big R&D center in India in Bangalore. From India, Schneider is exporting a whole range of products to 15-20 countries. In a way, India is already an export hub for Schneider and the company has all intentions to make it one. The R&D center in Bangalore is manned by over 1200 people. Every year, Schneider spends 4-5 percent of its turnover on R&D.
Schneider has presence in 130 countries and India is growing faster than many regions. Growth in India's eastern region will be two to three times higher than the national average and the company wants to cash in on this advantage.
In Odisha, Schneider is keen to engage the state government for upcoming projects like Smart Cities and Smart Grid. It also wants to be associated with the state government in solar power.