IEE Expo 2020 successfully enlightened 7,512 business visitors

March 7, 2020 1:38 pm

India is the second largest market for elevators and escalators in the world with 80,000 units per annum. Creating an efficient elevator or escalator that matches the country’s infrastructural standards involves highly advanced mechanisms by the components used. The 8^th edition of International Elevator and Escalator (IEE) Expo 2020 reflected the same as it successfully enlightened 7,512 business visitors about the modern technologies used to create high-tech equipment for the vertical transportation sector.

The show kicked off with exhibitors showcasing live demonstrations of technologies like solar ELOS (a type of solar generator for elevators), hydraulic elevators for passenger and goods, pneumatic vacuum elevators, smart elevator control panels with cloud, to name a few. Talking about the progress of the show and its widening profiles, Nakul Mehta, Managing Director, Bharat Bijlee Ltd, shared: “We have seen this show getting bigger and bigger. The profile of companies who visit and as well as exhibit have evolved and there’s a much wider interest and cross section of people who attend to understand the new developments in this edition. Our main goal was to be able to showcase our products, know what’s happening around us and meet companies we can develop business contacts with. I must say, the show has been a fruitful experience.” Following the grand inauguration, SR Nalavade, Superintending Engineer Industries, Energy and Labour Department, Government of Maharashtra expressed his support, stating: “With the amount of infrastructural progress the city is witnessing, we are expecting many lift installations. For this upcoming industry, we are happy to join Messe Frankfurt India on this platform as they have given a common stage to all manufacturers, distributors and dealers for business in a metro city like Mumbai.”

The business visitors attending the show comprised of OEMs, government officials from the infrastructure department, component suppliers and so on. Decision makers from the procurement and technical department from OEM’s like Schindler India Pvt Ltd, Kone Elevator India PvtLtd, OTIS Elevators CoIndia Ltd, Thyssenkrupp Elevator India PvtLtd, FujitecIndia and Toshiba Johnson Elevators (India) Pvt Ltd visited the component manufacturers and suppliers to gain knowledge and source technologies to help assemble the need-of-the-hour elevators.

The strategic partnership with CREDAI-MCHI attracted many real estate moguls like DLF LTD, The Wadhwa Group, TATA Realty and Infrastructure Ltd, Marathon Realty Pvt Ltd, Kalpataru Group, Shree Naman Developers Pvt Ltd,DostiRealty Ltd, Oswal Realty Pvt Ltd, JP Infra Pvt Ltd, Ashar Group, and Lodha Group to name a few.

Rapid urbanisation is one of the major factors encouraging the growth of this industry followed by schemes like ‘Make in India’ and burgeoning investment opportunities. Every state in India has cities where development is taking place on a large scale with population moving by the minute. The component market in the elevator and escalator sector are constantly under pressure to develop new innovations that will meet the ‘ever-increasing’ demand for advancements that allow design flexibility, high-speed and energy efficiency in the elevators. The latest edition of IEE Expo gave the right amount of impetus to this segment of the industry by providing a lucrative platform to meet their target audience for trade.

Overall, the trade fair has successfullygarnered major traction from the right target audience as it encouraged positive business developments for different segments within the industry. The next edition of IEE Expo is set to be scheduled in the year 2022.