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Fuel price hike, green energy focus offer biz prospects: Schneider Electric

The company says has a strong R&D presence in India, backed by 1,400 engineers, for developing energy solutions and products for domestic and offshore markets

Schneider will own 74 per cent of the unit when the deal is complete, while Temasek Holdings will own the balance. (Photo: Reuters)
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Schneider will own 74 per cent of the unit when the deal is complete, while Temasek Holdings will own the balance. (Photo: Reuters)

Virendra Singh Rawat Lucknow
Global energy management and automation specialist Schneider Electric said on Friday that the spiking fuel prices in India coupled with the rising focus on green energy offered it business opportunities.

Given the unabated spurt in fuel prices, the creation of an ecosystem for economising on energy consumption and deriving optimum energy output through smart management of resources has become imperative, Schneider Electric India managing director Anil Chaudhry told Business Standard in Lucknow.

He stressed the growing need for developing such energy solutions that are both efficient and sustainable in the long run. “We remain

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