Union Minister Piyush Goyal Meets Schneider Electric CEO Peter Herweck
Union Minister Piyush Goyal recently had a strategic meeting with Peter Herweck, the CEO of Schneider Electric, to discuss the company’s future investment plans in India. Schneider Electric is a global leader in energy management and digital automation.
Focus on India’s Talent and Policies
The discussion centered on utilizing India’s vast talent pool and supportive government policies to drive high-tech, sustainable, and energy-efficient solutions for both domestic and global markets. Minister Goyal shared insights from the meeting on social media, emphasizing the potential for India to become a manufacturing hub for Schneider Electric.
Investment and Expansion Plans
Schneider Electric has announced plans to invest Rs 3,200 crore in India by 2026, aiming to establish manufacturing facilities across various states including Maharashtra, Karnataka, Gujarat, Telangana, Tamil Nadu, West Bengal, Uttarakhand, and Odisha. Currently, the company operates 30 factories in India.
New Campus in Bengaluru
In May, Schneider Electric opened a large employee campus in Bengaluru, featuring a Global Innovation Hub, Training Centre, R&D Centre, Skill Centre, and Digital Hub, capable of accommodating over 8,000 professionals.
Commitment to Sustainability and Innovation
Schneider Electric offers solutions in electrification, automation, and digitization, serving smart industries, resilient infrastructure, data centers, intelligent buildings, and homes. The company operates in over 100 countries, emphasizing diversity and inclusion as part of its commitment to a sustainable future.
The meeting with Minister Goyal is expected to strengthen Schneider’s long-term investment and operational plans in India, focusing on sustainability, digitalization, and smart infrastructure development.
Doubts Revealed
Union Minister -: A Union Minister is a member of the government in India who is in charge of a specific department or ministry, like education or health. Piyush Goyal is one such minister.
Schneider Electric -: Schneider Electric is a big company that works on managing energy and making machines work automatically. They help make sure electricity is used smartly and safely.
CEO -: CEO stands for Chief Executive Officer. This is the person who is the boss of a company and makes important decisions. Peter Herweck is the CEO of Schneider Electric.
Investment Plans -: Investment plans are ideas or strategies about where and how a company will spend its money to grow and improve. Schneider Electric is planning to spend money in India to build factories and create jobs.
Manufacturing Hub -: A manufacturing hub is a place where many factories are located, and lots of things are made. Schneider Electric wants India to be a place where they make many of their products.
Bengaluru -: Bengaluru is a big city in India known for its technology and innovation. Schneider Electric has opened a large campus there to work on new projects.
Sustainable -: Sustainable means using resources in a way that does not harm the environment and can be continued for a long time. Schneider Electric wants to create solutions that are good for the planet.