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Urbanisation fuels demand for elevator & escalator making India number two in market share

27 Feb 2018

India’s leading exhibition for elevators and escalators IEE Expo 2018 commences today with participants from 10 countries. Honourable Revenue Minister Shri Chandrakant Dada Patil visits; encourages technology advancements in infrastructure

If the overwhelming response to the latest edition of International Elevator & Escalator Expo (IEE Expo) 2018, organised by Messe Frankfurt Trade Fairs India is an indication, it is no wonder that the Indian market for Elevator & Escalators is pegged second largest in the world.

The ongoing IEE expo at Mumbai’s Bombay Exhibition Centre was inaugurated today. All the leading players including AVCAM, CREESTA, Fujitec, Fermator, Gefran, Hitachi, Mas Industries, Montanari, Monteferro, Otis, Schmersal, Wittur have come together for this key business event. The trade fair brings 170 companies from 10 including India, China, Germany, Japan, Italy, the Netherlands, Switzerland, Turkey, the UK, and the USA eyeing the growth prospects in Indian market.

Being the leading exhibition for this sector, IEE Expo 2018 was inaugurated by an esteemed panel of association heads and industry leaders including:

  1. Mr Deepak Goradia, Vice Chairman and Managing Director, Dosti Realty
  2. Mr Domnic Romell, Director, Romell Group (Secretary – CREDAI MCHI
  3. Mr Dhaval Ajmera, Director Ajmera Realty & Infra Ltd
  4. Mrs Sonal Shah, Chairperson of Women’s Wing – CREDAI MCHI
  5. Mr Ramesh Nair, CEO & Country Head, JLL India
  6. Mr Wolfgang Marzin, President & CEO, Messe Frankfurt GmbH
  7. Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holding Ltd

Talking about the acquisition and advancements in this sector, Mr Wolfgang Marzin, President and CEO, Messe Frankfurt GmbH said: “Elevators and escalators have become a prerequisite to urban development and its significance is increasing with smart cities and vertical real-estate growth globally. A well-targeted addition to our building technology portfolio, IEE Expo will fill a vital networking role for this segment in the ongoing development of vertical transportation technologies especially as India continues to post encouraging growth rates in this segment.”

Also addressing the delegates and media present was Mr Ramesh Nair, CEO & Country Head, JLL India. “Major demand is expected to come from residential and new commercial concepts like co-working spaces. By 2022, 20 percent of overall demand is expected from co-working spaces. For residential space there’s a big opportunity going forward in terms of affordable housing with a demand of 10 million apartments per year. He further added, the RERA act will bring in transparency in the sector which in turn will bring in FDI”, he added.

Honourable Cabinet Minister of Revenue Relief and Rehabilitation and Public Works Govt. Of Maharashtra, Shri Chandrakantdada Patil also made his presence felt at this high prospect show. “Maharashtra is the best place for infrastructure. A platform like the International Elevator and Escalator Expo showcasing advanced technology can take this industry to the next level”.

International interest was also equally evident within the sector as the fair marked a 20 percent increase in international participation this year. Mr Raj Manek, Managing Director, Messe Frankfurt Trade Fairs India Pvt Ltd shared: “We are happy to announce that the first edition of IEE Expo under the Messe Frankfurt umbrella has been successful in bringing the top players from the vertical transportation sector to the Indian market facilitating business and networking to cater the demands of a fast developing nation. Looking at the increase in international participation by 20 percent along with a list of insightful fringe programmes planned for the three-day show, we are confident that our exhibitors and visitors will be benefited.”

The highlights of IEE Expo 2018 are its impressive line-up of premium seminars by some of the major industry bodies in the sector, series of one-on-one interactions about safety aspects with experts from Government of Maharashtra and Bureau of Indian Standard, and a panel discussion signifying interdisciplinary co-ordination in elevators for fire-fighting emergency evacuation, planning and design of tall buildings. This discussion held today, was presided over by Council on Tall Buildings and Urban Habitat and Chief Fire Officers.

The list of highlights continues with workshops on revisions in National Building Code of India (NBC 2016). The ‘All India Electrical Inspectors Conclave’ at IEE Expo has also brought together electrical inspectors from Telangana, Tamil Nadu, Haryana, Rajasthan, Kerela, New Delhi, Andhra Pradesh, Madhya Pradesh, West Bengal, Karnataka and Gujarat and a congregation of eminent builders from Maharashtra Chamber of Housing Industry (CREDAI MCHI) for the three day fair.

“MCHI CREDAI takes great pride in joining hands with Messe Frankfurt as they host the first edition of the International Elevator & Escalator Expo 2018 in Mumbai.  India is amongst the most potential markets in the entire Asian region and stands as the second largest elevators and escalator market in the world. Covering technological advancements and new product developments like safety, speed, advanced control systems, passenger convenience & comfort, energy efficiency features for high rise buildings, IEE Expo is the perfect platform that brings the industry together under one roof to network, discuss and collaborate.” said, Mr Mayur Shah, President, CREDAI MCHI.

Maharashtra Chamber of Housing Industry (CREDAI MCHI) and members from the elevator division of Indian Electrical and Electronics Manufacturers Association (IEEMA) will bring together some prominent and influential members of the real estate and building industry to discuss new business relationships.

Apart from receiving record participation from industry leaders, the event has enjoyed tremendous support from key associations like Government of Maharashtra as well as key industry bodies such as Bureau of Indian Standards, CREDAI MCHI and Department of Electrical Inspectorate in India.

The exhibition will be open till 1 March 2018 at Bombay Exhibition and Convention Centre, Mumbai. For more information about the event, please visit

Messe Frankfurt makes the industry also meet at these conference and exhibition events in Italy and Germany – please visit for more information:,,

Background information on Messe Frankfurt

Messe Frankfurt is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With more than 2,500* employees at some 30 locations, the company generates annual sales of around €661* million. Thanks to its far-reaching ties with the relevant sectors and to its international sales network, the Group looks after the business interests of its customers effectively. A comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent). * preliminary numbers 2017

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