As part of its expansion programme Kone Elevator India will start manufacturing escalators in at the Sriperumbudur unit from the first half of 2024

Kone Elevator India managing director Amit Gossain said, “Right now, the pilot is going on at Sriperumbudur plant. It will be completed in January.”

“At present, most of the components are procured locally. We are the only company to manufacture escalators in India, while others are importing and assembling it,” he said.

Gossain, meanwhile, urged the State governments to implement the Lift Act at the earliest as it was extremely important. Right now, it is implemented only by 11 States including Tamil Nadu, Kerala, Karnataka, Gujarat, Maharashtra and New Delhi, among others.

Talking about exports, he said it constituted about 5-7 percent of total revenue and it is set to increase with the launch of more products.