Siliconindia Magazine

Cover Story

Powercab: Uplifting the Elevator Industry in India

According to a report by TechSci Research report, “India Elevators and Escalators Market By Type of Carriage, By Elevator Door Type, By End Use Sector, Competition Forecast & Opportunities, 2011 - 2021’’, the elevators market in India is projected to grow at a CAGR of over 8 percent during 2016 - 2021. The rapidly rising toll of tall buildings, fuelled by unprecedented urbanization, growth of commercial real estate and government’s initiatives such as 100 Smart Cities and AMRUT cities are some of the major reasons which have led to an unprecedented demand for elevators and escalators in India. With the constantly expanding market, elevator manufacturers are also gearing up in a big way to serve the rising demands. Set up in 1991, Powercab is a pioneer in Lifts and Elevators...