Schneider Electric President Systems had sought the Bombay High Court’s intervention after the stock market regulator ruled in favour of public shareholders earlier this year.

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For Schneider Electric, in terms of pace, India is growing faster than the China market. | File Photo

Schneider Electric is looking to grow India’s share in global industrial automation business to 25 per cent, from the current less than 10 per cent in the next few years, company executives stated.

Barbara Frei, executive vice-president, Industrial Automation, Schneider Electric, said she was hopeful growth in India’s water, transportation, mining, energy and food and beverages segment will bring in higher demand for these automation solutions.

“I would say clearly the industrial automation business in India should be 25 per cent or more. So that's really the objective,” Frei said, who did not give a time-frame for the same,

Schneider looks to increase India's share in industrial automation to 25%

In 2020, Schneider Electric completed the purchase of Larsen & Toubro's switchgear business which was acquired by Schneider Electric in 2020

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