Wednesday, 24 February 2016

Otis Elevator signs agreement with Mantri Developers

Otis Elevator Company (India) has finalised an agreement with Mantri Developers to provide more than 1,000 elevator and escalator units for the builder's residential, commercial, retail and villa projects over the next few years. 

Otis India is a unit of United Technologies Corp. It has the largest elevator and escalator service network in the country, covering about 300 cities and towns with its 80-odd centres. 

"Mantri is a well-respected, future-focused developer and we are delighted with this agreement," said Sebi Joseph, president, Otis India. "At Otis, we find that working with the customer allows us to offer solutions that positively impact their business." 

In a move to strengthen its presence in the country, Otis India last year announced the expansion of its Bengaluru manufacturing facility, where most units for the Mantri projects will be made. The Bengaluru factory supports Otis focus on local innovation and continued investment in manufacturing and research, as part of its commitment to "Make in India." 

"We have done business with Otis India before and are pleased to strengthen our business relationship," said Sushil Mantri, chairman and managing director, Mantri Developers. 

Otis is the world's largest manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded more than 160 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories, and maintains more than 1.9 million elevators and escalators worldwide 

Sandip Ginodia , Director
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