Home » Schindler to invest Rs 170 crore in brownfield project

Schindler to invest Rs 170 crore in brownfield project

Schindler to invest Rs 170 crore in brownfield project

Schindler India, leading providers of escalators and elevators, a 100% owned subsidiary of Schindler Group is set to invest Rs 170 crore to expand its manufacturing facilities by setting up IndiaÂ’s first Escalator manufacturing line and towards improving its Research and development facilities at its plant near Chakan in Pune. These investments will give Schindler India a unique edge and propel them to further strengthen the market leadership position in the elevators and escalators industry in India.

Under ‘Make in India’ initiative, Schindler has already made an investment of Rs 430 crore towards setting up a factory, an R&D centre that boasts a 71mt tall tower with 8 shafts where each and every component of the elevator undergoes strenuous testing. Schindler India’s Rs 170 crore investment is part of the total Rs 600 crore outlay over a period of six years which employs more than 1,000 people at any point of time in Maharashtra.

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