Escalator in India

Topics: Otis Elevator Company, Elevator, Escalator Pages: 8 (2434 words) Published: July 31, 2013
Silvio Napoli Silvio Napoli (1965, Italy), Asia/Pacific has been a member of the Group Executive Committee with responsibility for the Asia/Pacific region since March 1, 2008. For three years prior to that, he was Head of the Jardine Schindler Group. From 2003 to 2005, he was General Manager of Schindler Lifts (Hong Kong) Ltd. From 2001 to 2003, he served as Director of Corporate Development (M&A) of ALSO Holding AG. Silvio Napoli joined the Schindler Group in 1994 and has held various positions, including Vice President South Asia, President and CEO Schindler India, and Head of Corporate Planning. For three years prior to joining Schindler, Silvio Napoli held various positions with The Dow Chemical Company in Germany. He has an MBA from Harvard Graduate School of Business Administration and a degree in materials science from the Swiss Federal Institute of Technology (EPFL), Lausanne - See more at:

Elevator market set to zoom: Companies ramp up operations for high-tech, high-speed lifts TV Mahalingam & Sangeetha Kandavel, ET Bureau Nov 18, 2012, 04.11AM IST

* Sunday ET|
* real estate|
* property prices|
* Otis Elevator Company India|
* market share|
* Indian market|
* high-tech lifts|
* high-speed elevators|
* elevator market|
* Burj Khalifa
(What also gives elevator…)
RameshSurve hates Vivaldi's Four Seasons. The 18th century masterpiece grates on his nerves, gives him a headache and makes him grouchy. Yet, Surve has tuned into Vivaldi's composition for eight hours — day in, day out. Surve isn't a masochist; he's a liftman.

For the past 15 years, Surve has spent his days sitting on a wooden chair, punching buttons (which he does with cold precision and repressed anger) and listening to elevator music. That's where Vivaldi comes in, mostly.

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* Passenger ElevatorsPioneer Manufacturer In Ahmedabad Of Quality Escalators & Elevators. * Home LiftsLuxury & Simple Home Elevators Easy to install w/ no hoistway It is a job that pays Surve Rs 6,000 a month — a job he perhaps won't have for long. Across the country, elevators are being upgraded — to automatic, intelligent machines — and the liftman is fast becoming extinct. But that is just one part of the story. In the past five years or so, as India has urbanised rapidly, the market for elevators and escalators too has grown rapidly. Getting Crowded, Going Higher

Sebi Joseph, managing director of Otis Elevator Company India, has overseen operations in the Philippines, Singapore and the Gulf. But Joseph believes that India is the most exciting place. "China is the world's largest elevator market with sales of 400,000 units per annum. India is the second largest market in the world today. However, the gap between the two countries is staggering," says Joseph. "India's elevator-escalator market is just about 45,000 units. That gap shows the potential the Indian market has." It is a point that other elevator makers concur with. "Three factors are pushing the elevator market in India: rising property prices, urbanisation and an ageing population," says Neeraj Sharma, managing director, Kone India, an elevator-escalator company. "As the population gets older and more prosperous, even somebody with a two-floor bungalow is likely to install an elevator." A 2010 McKinsey report noted that India is likely to have 68 cities with population of one million each by 2030. Europe has only 35 such cities. As cities get crowded and land gets costlier, it is likely that the buildings will get taller. What also gives elevator companies hope is the number of elevators per 1,000 people in India. For every 1,000 people, Spain has almost 20 elevators, UK 4.6, China 1.43 and India 0.16 elevators (See India...
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