Schneider Electric India has planned an investment of Rs 3,200 crore by 2026 to expand its presence in the nation, according to the company's CEO and MD, Deepak Sharma. Sharma, who is also the President of the Greater India area, told PTI in an interview that the investments would be made in nine states.

"In line with our growth ambitions, we have plans to invest EUR 350 million (Rs 3,200 crore) in expanding our industrial footprint with the addition of 12,00,000 square feet up to 2026. These investments are spread over Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand," Sharma said.

When asked if the investments include setting up of green capacities, he said Schneider Electric aims to become net-zero in its operations by 2030, end-to-end carbon neutral value chain by 2040, and net-zero CO2 emissions across its entire value chain by 2050.

"Our company is managing over 700 MW of renewable energy power purchase agreements and providing sustainable solutions. It includes on-site solar installations and the procurement of off-site solar and wind energy. Approximately 15 per cent of solar power installed in India runs on Schneider Electric solutions," he said.