India's Commerce Minister discusses Rs 3,200 cr investment by Schneider Electric in India's manufacturing by 2026.

India's Commerce Minister Piyush Goyal met with Schneider Electric CEO Peter Herweck in Riyadh to discuss a planned investment of Rs 3,200 crore ($425 million) by 2026, aimed at making India a manufacturing hub for the company's products. Schneider currently operates 30 factories and intends to establish more across multiple states. Goyal also engaged with General Atlantic's CEO to explore collaboration in India's healthcare sector and investment opportunities.

October 30, 2024
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