Schneider Electric India targets to double its market share and quadruple the turnover by 2013

Company Brief

New Delhi January 22, 2010

Schneider Electric, a global specialist in energy management, unveiled five major technological innovations in the span of two days at ELECRAMA 2010. The company introduced these products in its power, energy efficiency, ISC (installation systems and control), and industry business.

The five key products launched at ELECRAMA include Masterpact MVS, Lexium 32, Sympholux, Varplus range of LV Capacitors, and Compact CVS.

Speaking on the occasion, Mr. Olivier Blum, Managing Director, Schneider Electric India, said, "Our endeavor is to make energy safe, reliable, efficient, productive and green. The products that we have launched today embody these principles and have been designed keeping in mind our value addition to the customers’ business. These products are simplified and will help end-user reduce design time, capex and opex, and most importantly reduce wastage by making optimal use of energy. Furthermore, for the first time in India, we display Schneider Electric as a global specialist in Energy Management integrating the full solutions coming from the acquisitions of Conserv Systems & Meher Capacitors."

Emphasizing on the importance of the Indian market, Mr. Blum said, "India is part of the select group of 5 most important countries of Schneider Electric. And, the range of products, solutions and services launched today suggests our growing thrust on research and development. Globally, an investment of nearly five per cent out of the global turnover is made in R&D, out of which a significant part will be spent in India. We intend to increase our market share in India by quadrupling our Sales turnover by 2013". The company clocked domestic sales of Rs. 20 billion and exports of Rs. 20 billion in 2009.

About Elecrama exhibition, Mr Blum said, "It is our privilege to be associated to IEEMA to contribute to make Elecrama a window for our industry and I am very honored and proud to have been a brand ambassador in the past months."

With strong willingness to bring safe and clean electricity to the people who need it the most, Schneider Electric will soon be launching a sustainable programme called BiPBoP (Business, Investment, People at the Bottom of the Pyramid). Under this programme, the company will be involving local communities and stakeholders to address the following three key issues to provide sustainable access to electricity:

* the lack of appropriate equipment through the development of an adequate offer

* the lack of financial resources available for innovative energy entrepreneurs through funding

* the skills and expertise shortage through technical and business training

For further information, please contact:

Vaishnavi Corporate Communications

Krityanand Kundan

Mobile: +91-9990099562

Email: Krityanand.Kundan@vccpl.com