Mathews expects over 100 exhibitors at ISEE
With robust infrastructure, construction activities and growth rate of 8% per annum, India’s Elevator industry is expected to grow from the current Rs.13,500 crore to around Rs.15,000 crore by the end of 2024.
The industry is also likely to attract FDI at a large scale in the years to come, generating considerable direct and indirect employment opportunities across various tier 1, 2 and 3 cities.
This market overview was given by Tak Mathews – Principal Consultant of TAK Consulting and the organiser of the International Sourcing Exposition for Elevators & Escalators (ISEE).
ISEE has been conceptualized to bring together OEMs and component manufacturers and to showcase India as a sourcing hub. India has the manufacturing capability and prowess to compete at an international scale, he said.
ISEE will be held 1-3 Dec 2022 at the Bombay Exhibition Centre, Nesco, Goregaon, Mumbai.
He said, “Over 100 players from the elevator industry are participating in this exhibition. This exhibition is an opportunity to witness the latest technology in Lifts, (Elevators) and Escalators.
“The event will prove to be a platform for the industry players to share best practices as well as to showcase India as a sourcing hub for Elevators and Escalators.
“Encouraging response from the exhibitors have compelled us to increase the expo area to 2 lakh sq. ft., so that a wide range of exhibitors could be accommodated.” fiinews.com
