Schneider Electric eyes 100 smart cities as potential market

Tags: News
Schneider Electric, a provider of energy solutions, is looking at Prime Minister Narendra Modi's plan to develop 100 new smart cities as a potential market for its products.

"We are looking at providing smart city solutions in the proposed cities. We have a range of power products -- transformers, switchgears, primary and secondary equipment -- for the smart cities," Prakash Chandraker, Vice President and Managing Director (Infrastructure Business) of Schneider Electric said.

"These smart cities are a great business proposition for us," he said, declining to provide details of any proposed investments.

Smart energy solutions include smart grid automation and flexible distribution, smart metering management and gas distribution management.

The Prime Minister yesterday talked about plans to build 100 smart cities in the country to generate employment while noting that urbanisation should be treated as an opportunity rather than a problem.

In January, Modi had promised to develop the smart cities as part of his vision for the country.

Schneider Electric also intends to expand its footprint in the north-eastern part of India, looking at business potential in areas such as power transmission and utility products.

The company employs over 18,000 employees across 40 cities in the country.

EDITORIAL OF THE DAY

  • The Muslim Personal Law Application Act needs an overhaul

    Triple talaq or khola as means to divorce or dissolve one’s marriage in the Muslim community is unacceptable, as the Allahabad High Court judgment s

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Disequilibrium:</b> THE GREAT GAMBLE

Finance it is said is merely a gun, politics is ...

Ananda Majumdar

<b>Ruminations:</b> BJP looks beyond muscular strategy

Gradually a new strategy for political management has been established ...

BK Chaturvedi

Committed, yet miles to go

Swachh Bharat is a mission to which everyone is committed. ...