Schneider Electric Partners with Horizon Industrial Parks for a State-of-the-Art Manufacturing Facility in Hosur, Tamil Nadu
Bangalore (Karnataka) [India], July 10: Schneider Electric, the leader in the digital transformation of energy management and automation, today announced its plan to develop a manufacturing facility for its Schneider Electric IT Business at Horizon Industrial Park Hosur, near Shoolagiri, Tamil Nadu.
Spread across 500K square feet, the new facility aims to enhance Schneider Electric's capabilities in manufacturing, sales, and trading of Battery Management Products (BMS) including Uninterruptible Power Supply (UPS) systems, Power Distribution Units (PDU), cooling products, and other electronic accessories. Strategically located along the Bangalore-Chennai National Highway, the upcoming Grade A industrial facility offers seamless connectivity to both Bengaluru and Chennai markets, enabling enhanced distribution and operational efficiencies.
The development will be executed in two phases in collaboration with Horizon Industrial Parks, a leading integrated logistics and industrial infrastructure provider backed by Blackstone Real Estate funds. The first phase will be a dust-free facility featuring a modern office space and extensive tenant improvements. These enhancements include expanded industrial power capacity, advanced fire safety systems, and optimized workspace planning for an initial workforce of 1,500, encompassing both direct and indirect employment. The second phase will build a high-spec, custom facility tailored to Schneider Electric's advanced operational needs and is expected to be completed in 7 months
"We are happy to partner with Horizon Industrial Parks as we advance our commitment towards an 'Atmanirbhar Bharat,'" said Deepak Sharma, Zone President, Greater India, MD and CEO, Schneider Electric India. "This collaboration underscores our commitment to sustainability, efficiency, and operational excellence. The new facility will significantly enhance our manufacturing capabilities and allow us to incorporate cutting-edge technology and sustainable practices. With this investment, we aim to empower businesses, boost operational efficiency, and contribute meaningfully to the 'Make in India' initiative."
Horizon Industrial Park Hosur is pre-certified 'Platinum' by Indian Green Building Council (IGBC). Schneider Electric's new facility will integrate multiple eco-friendly features, including roof insulation with glass wool, rooftop solar panels for enhanced thermal efficiency, a 12-meter clear height PEB design with skylights for natural lighting, and advanced ventilation systems.
In addition, EV charging stations, HVAC controls, and smart light sensors will be deployed as part of the facility's integrated BMS. Solar rooftop panels are planned for the next phase of development, further boosting thermal efficiency and reducing carbon footprint.
Urvish Rambhia, Principal at Blackstone Real Estate, said: "We are pleased to partner with Schneider Electric and support its long-term growth in India. We are committed to providing innovative, tailored, and high-quality warehousing solutions for global and local corporations looking to expand their presence in India."
With this strategic expansion, Schneider Electric continues to reinforce its long-term investment in India's manufacturing sector, driving innovation, efficiency, and sustainability in the industry.
About Schneider Electric
Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.
Our mission is to be the trusted partner in Sustainability and Efficiency.
We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centres, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers.
We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.
www.se.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
5 days ago
- Deccan Herald
Financial literacy is a superpower, it is time women claimed it
This Independence Day, let's talk about a different kind of freedom: financial independence for data suggests we're on the move. Women now make up 26% of all mutual fund investors in India, with their assets under management more than doubling in five years to ₹11.25 lakh-crore. Anecdotal data, however, caveats this otherwise healthy growth by highlighting that there remains a tendency for male family members to invest in a woman's name if she falls into a lower tax bracket, this growth is only a glimpse of the untapped potential waiting to be unlocked through greater participation and 31,500 govt employees opt for UPS till July 20: Finance Minister .According to the Finsafe Women & Finances Survey (2025), over 60% of Indian women feel unsure whether they've saved enough for personal goals. More than 30% invest only in fixed deposits or insurance, steering clear of higher-return products like mutual funds, bonds or equities. These patterns echo a persistent gender gap in financial awareness and action, even as many platforms now push tailored learning for financial products such as bank accounts, insurance, loans, and mutual funds is no less than a superpower. It brings security, confidence, and agency to make both simple and bold life choices. While women in India hold around 38% of bank accounts and contribute nearly 40% of total deposits, only a fraction actively invest. That's a missed opportunity not just for women, but for the is still rarely part of everyday conversations among women. Talking about SIPs, loans or insurance with friends or family is uncommon, a silence that contributes to financial exclusion and lost opportunity. When we share questions or experiences, we create space for others to ask, learn, and act. This, in part, is attributable to financial services companies advertising to and modelling their communication only around advertisements. For instance, when was the last time you saw a woman on television saying 'mutual funds sahi hai'?.Role of women in micro finance sector a growing ecosystem is working to close this gap. The National Strategy for Financial Education (2020-2025) includes specific goals for women's financial empowerment. Initiatives like Digital Sakhi by the Reserve Bank of India (RBI) train rural women in digital finance and entrepreneurship. The Self-Help Group (SHG) Bank Linkage programme now reaches 1.4 million SHGs and nearly 20 million women, making it the world's largest microfinance network. By pooling savings, managing loans, and learning credit discipline, these groups build real-world financial efforts to expand market access are gaining momentum. In July, the NSE signed an MoU with WE HUB to help women-led MSMEs understand and access public despite rising AUM, many women continue to rely on male family members to make investment decisions. This dynamic affects women disproportionately. Men, in contrast, are rarely expected to seek spousal or familial approval before investing. The gender gap in decision-making authority must be addressed alongside access. Unfortunately, this aspect continues to be missed most industry leaders as well. For instance, we hardly see women exercising their agency in any investment or insurance there's a larger economic case too. Global financial services firms could add $700 billion in annual revenue by serving women customers as well as they serve men. The gap isn't just social. It's structural and steps that need to be taken to build financial confidence are:Create informal money circles with women you trust. Discuss questions about loans, SIPs, insurance and investing. Focus on regulated products only. Learn by doing. Explore investment platforms to understand equity, bonds, and mutual local or virtual workshops run by the National Centre for Financial Education (NCFE), financial literacy centres, or women-centric programmes like Digital and track personal goals. Ask specific questions about product features and costs. Curiosity builds more women to talk about money, to ask, to learn, to decide, is not just smart economics, it's a cultural shift. When women own financial knowledge, they don't just plan better futures for themselves, they create ripple effects across families and industry leaders must adequately represent women in their media and communications. Neha Juneja is an entrepreneur and startup leader Disclaimer: Disclaimer: The views expressed above are the author's own. They do not necessarily reflect the views of DH.
Time of India
5 days ago
- Time of India
Four critical changes in Income Tax Act: Standard deduction, UPS, income tax search, and other changes to be applicable in FY 2025-26
Synopsis Finance Minister Nirmala Sitharaman announced four key amendments to the Income Tax Act, 1961, addressing tax exemptions for sovereign wealth funds, abatement of assessments in search cases, and clarity for the new Income Tax regime's standard deduction. The amendments also align the Unified Pension Scheme (UPS) with the National Pension System (NPS) for tax purposes, removing previous disparities.
Time of India
5 days ago
- Time of India
Changes in tax on lumpsum and premature withdrawals under UPS and NPS in the latest version of Income Tax Act, 1961
Income tax exemptions for UPS Academy Empower your mind, elevate your skills Finance minister Nirmala Sitharaman introduced the Taxation Law (Amendment) Bill, 2025, in today's Lok Sabha session. This Bill aims to amend the Finance Act, 2025 and the Income Tax Act, 1961. The main focus of these changes is to align the tax treatment of UPS ( Unified Pension Scheme ) with that of NPS ( National Pension System ). Here are some key updates included in the Taxation Law (Amendment) per the bill, any payment made from the NPS Trust to a UPS subscriber, which does not exceed 60% of the individual's corpus at the time of superannuation, voluntary retirement or retirement, shall be exempt from income to the bill, 'any payment from the National Pension System Trust to an assessee, who is a subscriber to the Unified Pension Scheme, to the extent that it does not exceed sixty per cent of the individual corpus, as specified in notification number FX-1/3/2024-PR, dated the 24th January, 2025 of the Department of Financial Services, made at the time of his superannuation or voluntary retirement or retirement under clause (j) of rule 56 of the Fundamental Rules [which is not treated as penalty under the Central Civil Services (Classification, Control and Appeal) Rule.'According to the bill, 'any sum received as a lump sum amount as per clause (vi) of paragraph 2 of the notification number FX-1/3/2024-PR, dated the 24th January, 2025, of the Department of Financial Services, by an assessee being a subscriber to the Unified Pension Scheme will also be tax exempt.'As per law, a lump sum payment will be allowed on superannuation at the rate of 10% of monthly emoluments (basic pay + Dearness Allowance) for every six months of qualifying service you complete. Moreover, this lump sum payment will not affect the amount of assured bill further adds that, 'where any amount standing to the credit of the assessee, being a subscriber to the Unified Pension Scheme, in his account referred to in sub-section (1) or sub-section (1B), in respect of which a deduction has been allowed under those sub-sections or sub-section (2), together with the amount accrued thereon, if any, is received by the assessee or his nominee, in whole or in part, in any previous year on account of his superannuation or voluntary retirement or retirement under clause (j) of rule 56 of the Fundamental Rules [which is not treated as penalty under the Central Civil Services (Classification, Control and Appeal) Rules, 1965], as may be applicable, the whole of the amount shall be deemed to be the income of the assessee or his nominee, as the case may be, in the previous year in which such amount is received, and shall accordingly be charged to tax as income of that previous year.'Simply put, if the UPS subscriber or their nominee receives any amount from the scheme before their superannuation, retirement or voluntary retirement, it will be treated as income in the hands of the individual and taxed CA Ashish Niraj, Partner, A S N & Company Chartered Accountants explains, this sub-section has been inserted to clarify that in case the assesee closes the account or opts out of the pension scheme referred to in sub-section (1) or sub-section (1B), then such amount will be deemed to be his income in that previous year and will be CA Mohit Gupta, 'if an assessee (subscriber to the Unified Pension Scheme) receives any amount (including accrued income) from their pension account—where deductions were claimed earlier under Section 80CCD(1), (1B), or (2)—on superannuation, voluntary retirement, or retirement under Rule 56(j) of the Fundamental Rules (not treated as penalty), the entire amount will be treated as taxable income in the year of receipt'.Additionally, if the remaining balance in the individual corpus is transferred to the pool corpus on his superannuation, voluntary retirement or retirement, it won't be treated as income for the taxpayer in that year. According to CA Ashish Niraj, Partner, A S N & Company Chartered Accountants, this is merely shifting funds from individual corpus to pool corpus for annuity purposes, and hence, does not invite Prabhakar K S, Founder & CEO, Shree Tax Chambers, "with effect from April 1, 2025, any amount received by an assessee or their nominee on superannuation or retirement will be considered income in the year it's received and will be charged to tax accordingly. A subscriber, upon attaining 60 years, can withdraw 60% of the total corpus as a lump sum, which is tax-free. The remaining 40% should be utilised to buy annuities. The annuity income is taxable as per the applicable income tax slab rates".
