Schneider Electric expects its India data-centre business to grow faster than other company segments, including electrification and automation. The company targets a scale-up in India’s installed data-centre capacity from about 1.5 gigawatts to between six and eight. Schneider’s India unit could become the group’s single biggest business within three to five years. Globally, about 30% of Schneider revenue already comes from data centres. India’s data consumption and production are high relative to its share of global data-centre capacity, creating demand. Major hyperscalers and domestic groups are investing heavily in AI and data-centre infrastructure, including projects by Google, Adani, Microsoft, Amazon, and partnerships such as Larsen & Toubro with Nvidia. Schneider has also been positioning itself by buying out the remaining 35% stake in its India subsidiary, SEIPL.
"On a base of 1.5 gigawatts of installed capacity and a national plan to reach six to eight, the French infrastructure group sees its India unit becoming its single biggest business within five years. Schneider Electric expects its India data-centre business to grow faster than the rest of the company, and faster than the core electrification and automation businesses that have driven its results everywhere else."
"Deepak Sharma, the group's managing director and zone president for Greater India, told Reuters on Monday that the unit could become Schneider's single largest business within three to five years, on the back of the country's planned scale-up from roughly 1.5 gigawatts of installed data-centre capacity to between six and eight. The framing is consistent with what Sharma told Indian outlets earlier this spring."
"Globally, roughly 30% of Schneider's revenue, which the company reports at about €40bn a year, already comes from data centres. The India backdrop is unusual in the same way the country's broader AI infrastructure story has become unusual. India produces and consumes around 20% of the world's data while housing only 3% of global data-centre capacity, a gap that has set off a wave of hyperscaler and domestic commitments."
"Schneider has spent the last year arranging itself for that. It bought out the remaining 35% stake in its India subsidiary, SEIPL. Each of those builds is a Schneider customer, or could be. Larsen & Toubro announced earlier this year that it would partner with Nvidia to build a sovereign AI factory in Chennai."
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