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HOUSING, INFRASTRUCTURE PROJECTS PROPEL INDIAN VT SALES


Demand for housing and infrastructure is expected to result in increased sales of elevators and escalators in India, of 7% and 66%, respectively, this year, The Hindu reports, sharing insight gathered at the International Elevator & Escalator Expo 2018. Schindler India Managing Director Uday Kulkarni observed elevator sales are expected to increase from 56,000 last year to 60,000 this year. Driven by demand from metros and railways, escalator sales are expected to increase from 1,800 last year to 3,000 this year, he said. Otis India President Sebi Joseph said a commitment to increasing the pace of urbanization through metro, railway and airport expansion promises to fuel growth.

ZhenTao Ma
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