Schneider Electric is eyeing a bigger pie of the Rs 5000 crore low voltage electrical products, distribution boards, switches and sockets market in the country, projected to grow at a faster pace triggered by increased consumption in the real estate and infrastructure segment.

Growing at about 4-5 per cent per annum, this market referred to as FDWD (final distribution and wiring devises), promises immense scope for growth. In this market, Schneider has been growing at about 30 per cent per annum, Prem Rachakonda, Regional Director, Schneider Electric India, said.

The company is also planning to come out soon with infra red touch switches with remote control facility, considered to be a promising segment.

Asked about the GST impact on the electrical products and equipment sector where the company operates, Prem Rachakonda, said, “The implementation of GST will be good for a company with 28 manufacturing units located in different States. However, in the near term, there could be some transitional issues.”

With the low voltage products less than 1000 volts categorised in the 28 per cent slab, there is potential for increase in prices by about 10 to 15 per cent, he said.

Schneider Electric is already executing an Electrician Training programme under which it has trained more than 50,000 electricians across India. The company plans to open training centres in 500 districts across the country and help set up a Centre of Excellence focused on power, solar and automation sectors.

The Euro 25 billion plus Schneider Electric has 28 manufacturing facilities in the country and one such facility near Hyderabad has recently been expanded. Products made at the facility are exported to 24 countries.

The company has initiated a pan-India campaign to familiarise local electricians and those in the electrical equipment trade on safety, energy efficiency and new generation products.

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