Energy management giant Schneider Electric is eyeing Indian Prime Minister Narenda Modi’s blueprint for 100 new smart cities as a new market for its product, the India Times reports.

Prakash Chandraker, vice president and managing director of infrastructure business at Schneider Electric, said: “We are looking at providing smart city solutions in the proposed cities.

“[Schneider] has a range of power products such as transformers, switchgears, primary and secondary equipment for the smart cities,"

He added: "These smart cities are a great business proposition for us," he said, declining to provide details of any proposed investments.

Smart energy solutions would also include smart grid automation and flexible distribution, smart metering management and gas distribution management.

The Prime Minister yesterday talked about plans to build 100 smart cities in the country to generate employment, the newspaper reported.

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