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ELEVATORS & ESCALATORS
INTERACTION

KONE-UltraRope-in-elevator-shaft DX Elevator

KONE globally and in India is highly focused on

innovating and creating value for customers.

KONE continues to invest in new technologies to deliver innovative solutions and services and offer products
that make life simple and comfortable. In an exclusive interview to CONSTRUCTION OPPORTUNITIES,
AMIT GOSSAIN, MANAGING DIRECTOR, KONE ELEVATOR INDIA PVT LTD, gives an overview of the E&E
industry, innovative technologies developed by his company, new products and a lot more.

With the Indian market ranked 2nd in the world for the elevator and
escalator market, how do you look at the elevator & escalator market.
Tell us about the current trends and market dynamics.
It’s true that India is ranked second in the world for the elevator and
escalator market and is set to exceed $2 billion by year 2023. India
is growing rapidly and if we compare the life of a common man 20
years back with their living standard today, a huge difference would
be visible. This is because of the rising disposable income which has in
turn increased due to the booming IT & secondary industries in India.
All the high-rise and mid-rise buildings that house these companies look
to associate with trustable elevator brands that could ease the people
flow within their infrastructure, and this is where KONE comes into picture.
Our tech-enabled elevators and escalators ensure seamless and safe
people flow in buildings.
We are witnessing a spike in elevator demand from the residential and
affordable housing segment. In fact, residential segment accounts for
nearly 80% of India market. With the rising disposable income, we can
expect more demand in the residential sector in the coming years. This
demand would not be limited in Tier-1 cities but would also be visible
in Tier-2 and Tier-3 cities.
Talking about the current trends, it would be safe to say that now
people don’t see elevators as just an instrument that helps in vertical

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