Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Schneider's deal to acquire L&T's electrical, automation biz to boost manufacturing: Suresh Prabhu.


Date: 06-09-2018
Subject: Schneider's deal to acquire L&T's electrical, automation biz to boost manufacturing: Suresh Prabhu
Commerce and Industry Minister Suresh Prabhu on Wednesday said acquisition of Larsen & Toubro's electrical and industry automation division by Schneider Electric will spur growth in domestic manufacturing in line with the 'Make in India' initiative of the government. He said this in a meeting with Jean Pascal Tricoire, Chairman and Chief Executive Office, Schneider Electric here today.

This project, combined with Schneider Electric's digital know-how, will result in greater domestic production, increased exports, reduced imports and effectively provide a wide range of product offerings at competitive prices, the commerce ministry said in a statement quoting the minister.

It said that Schneider Electric has entered into an agreement to acquire Larsen & Toubro Electrical and Industry Automation division.

Prabhu also said the project will be one of the largest ever investments in manufacturing sector by a French company in the country.

With the project, India will become the third largest country of operation for Schneider Electric at par with France, it said.

The minister expressed hope that the Schneider Electric will make efforts to develop India as the fourth hub globally to cater to the growing Indian market as well as develop it as the manufacturing and R&D hub for export to other new and emerging markets, including Africa, the Middle East, and South-East Asia.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001