India is the third largest economy in Asia Pacific and sixth largest in the world with US$ 2.6 trillion GDP. It is also the fastest growing large economy globally with an expected 2018 GDP growth rate of 7.4% (based on IMF data). With strong growth in the buildings and infrastructure segments coupled with growth in industrial manufacturing driven notably by the Indian Government's program to develop industries through ‘Make in India', the market is expected to grow high-single digit to double-digit for energy management offers and double-digit for industrial automation offers over the coming years.

The combined business of Schneider Electric's Low Voltage and Industrial Automation Product business and L&T E&A will be uniquely positioned to benefit from these trends.

END