This French electric major aims to boost Modi govt’s thrust on self-sufficiency in oil & gas sector

Schneider Electric on Wednesday launched EcoStruxure Power & Process (EP&P) in India with an aim to boost Modi government’s thrust on self-sufficiency in oil, gas and petrochemical sector. The firm has partnered with Microsoft to drive efficiency and increase profitability in this significant segment of the economy. Schneider Electric shares a goal to address the challenges of market volatility in the oil and gas sector, while reducing capital expenditure and operational expenditure by 20-30 per cent.

Since the power and process management systems work separately, the industrial organisations may find themselves at a competitive disadvantage very soon, the French firm said in a statement. Working as separate silos involves separate teams of engineers and programmers which results in high costs and restrictions on the organisation’s ability to respond to the evolving market conditions.