INDIAN ELEVATOR INDUSTRY SEEING SLOW RECOVERY
INDIAN ELEVATOR INDUSTRY SEEING SLOW RECOVERY
Sebi Joseph, president of Otis India, says the country's vertical-transportation industry has yet to recover from the government's demonitization moves of 2016 but said the sector could see improvement in the second quarter, thanks to improving demand, The New Indian Express reported. Joseph said that before demonitization, in which certain bank notes were declared invalid in a crackdown on illegal activity and terrorism, the elevator industry was growing 6-7% per year. Afterward, he said, growth was basically flat. He told the source, however, that with a quickening pace of urbanization — 40% of the population is expected to be in cities by 2030 — the elevator industry is poised to thrive.
ELEVCON REGISTRATION OPEN
The International Association of Elevator Engineers (IAEE) has announced an end to its call for papers and the opening of early registration for Elevcon 2018. The congress and exhibition will be held at Hotel Sofitel in Berlin on May 22-24, 2018. Early registration includes discounts and is available until February 2018. For more information visit website or email.
