India as a Global R&D and Manufacturing Hub
Schneider Electric is strategically expanding its footprint in India, positioning it as a cornerstone for global R&D and manufacturing. The company's "local for local" hub model aims to bolster expansion across critical sectors like green steel, hyperscalers, and water infrastructure, tapping into India's growing industrial capabilities.
Focus on Water, Hydrogen, and Green Steel
CEO Gwenaelle Avice Huet detailed specific initiatives, including digitalizing water and wastewater management, particularly in Delhi. The company is also actively involved in hydrogen deployment and the nascent green steel sector, directly aligning with India's governmental priorities. These ventures underscore a commitment to sustainable industrial practices.
Driving Competitiveness Through Automation and Sustainability
Huet stressed that artificial intelligence and sustainability are not just ethical imperatives but also strong business drivers. Digitalization, electrification, and sustainability are presented as synergistic forces that reduce operational costs and enhance customer value. This integrated approach is crucial for navigating the current global economic climate.
Bridging the Technology Adoption Gap
While the technology for electrification and automation is largely available, scaling it up presents challenges. Huet pointed out the need for substantial investment in training, skilling, and forging local partnerships. She highlighted the vast potential in electrifying industrial heating, noting that only 5% is currently electrified, with technology capable of reaching 60% if know-how and scalability are addressed.