Schneider Electric, a specialist in energy management and automation, is plugging into India play in a big way as it sees the electrification and digital space of the country offering plenty of opportunities.
At the same time, it feels that there is a need to do a lot more. This comes at a time when the government led by Prime Minister Narendra Modi is making a strong push for Digital India.
"I see a lot of potential in India in terms of both electrification and in terms of digitalisation... I just think that we need to do more," Schneider Electric Chairman and CEO Jean-Pascal Tricoire said while interacting with reporters here.
"But... somewhere the chance is to write the page new without going through all the steps of evolution which happen in more mature countries -- (that is) to go straight into the new system or systems which are natively connected, systems which are natively greener or easier to operate with less energy," Tricoire said.
He swore by India's attraction as a platform for manufacturing, saying the company exported almost 50 per cent of its products manufactured in the country.
To a query on where the energy specialist stands in relation to the government's drive for Make in India and Digital India, the company said, "We feel very much in sync with the economic and political direction given to India. We believe that innovation brings a lot to society."
The company has made a lot of investment in India in various areas, including manufacturing and R&D, he added.
"So, when I look at India, the first dynamics we have in India are good," the CEO stressed.
The company has a workforce of close to 20,000 in India.
Schneider Electric is a leading name in digital transformation of energy management and automation at homes, buildings, data centres, infrastructure and industries.
The company, with presence across over 100 countries, is into power management and automation systems. It also provides integrated efficiency solutions, combining energy, automation and software.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)