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ELEVATOR INDUSTRY GETS BOOST FROM GROWING METRO NETWORKS
Construction Week
|September 2024
The elevators and escalators industry is seeing a boom. Metro rail networks are one of the main reasons
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The collaboration between infrastructure development and outcomes. Well-planned transportation networks, such as highways and metro systems, serve as magnets for investments and businesses. These metro projects not only enhance public markets, thereby stimulating demand in the elevator industry.
The introduction of new metro lines improves accessibility and connectivity within and beyond urban areas, fostering urbanization and economic growth, particularly in Tier II and Tier III cities. Accessibility to airports, highways, and metro stations is crucial for homebuyers and businesses seeking strategic locations.
Impact of metro connectivity on elevator industry
India's metro network is expanding at an unprecedented pace. Currently construction work is in progress on metro rail projects covering 986 km in various cities such as Navi Mumbai, Pune, Kanpur, Agra, Meerut and Surat. The country's metro network boasts of a daily ridership of around 1 crore and has brought about a transformational change.
This story is from the September 2024 edition of Construction Week.
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