Schneider Electric Systems India, a subsidiary of Schneider Electric today said the company will invest Rs 750 crore over the next five years period and eyeing even bigger market presence in Indian automation market.
"We are looking bigger market presence and plans to invest around Rs 750 crore in Indian operations over the next five years period for growing our business. The investment will go into manufacturing, R&D and skill development," Schneider Electric Systems India Managing Director Rajat Kishore told reporters here.
Over the last four years period, we have invested around 800 million euro in India. We have 28 factories and 11,000 R&D engineers along with 21,000 employees working in India, Kishore said.
Schneider Electric today acquired US-based Applied Instrument Technologies, Inc., a provider of online process analysers for the hydrocarbon, petrochemical, chemical, pharmaceutical and steel-making industries, Schneider Electric Senior Vice President Asia Pacific David Orgaz D'Hollander said.
Based in Upland, Calif., AIT has an installed base of more than 1,000 systems and a breadth of spectroscopy and chromatography solutions, including a comprehensive portfolio of process analysers and associated implementation services.
The acquisition of Applied Instrument Technologies will also help Indian operations for developing new products here, Kishore said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
