Schneider Electric, the diversified energy management and automation major, is upbeat on its smart factory, smart cities and automation solutions, and expects to see a number of Indian companies transform themselves with these solutions in the near term. Showcasing one of its first Indian plants that has been retro-transformed into a smart factory, the €26-billion (revenues) major, which operates in India with 24 plants, explained how the market is now ready for its range of solutions necessary to make factories globally competitive. According to source, the company has launched Masterpact MTZ, a product that fits in with today’s energy management goals. The product made in Hyderabad will not only be sold in India, but globally. The company is also in the process of setting up of a Centre of Excellence for data sciences in Bengaluru.