Schindler, the global elevator giant, plans to expand its presence in India by doubling its workforce from 6,000 to 10,000 employees. This expansion, driven by India's rapid urbanization and growing population of over 1.4 billion, contrasts with China's struggling real estate market. Schindler aims to match its staffing level in China and emphasizes local production for efficiency. The company will also enhance its training facilities, adding to the three existing centers. This strategic move is expected to create around 10,000 new jobs in manufacturing, installation, and maintenance, supporting India's dynamic market and Schindler's long-term vision for success.
The booming Indian market is attracting businesses worldwide, and elevator giant Schindler is no exception. The company's CEO, Silvio Napoli, recently announced plans to significantly expand their presence in India.
Schindler, with a current workforce of 6,000 employees in India, aims to double that number, reaching 10,000 employees. This would match their staffing level in China, currently the leader in the global elevator market. India's rapid urbanization is creating a significant demand for elevators in residential and commercial buildings, fueled by a large and growing population of over 1.4 billion people. This stands in contrast to China's real estate market, currently facing a downturn.
Schindler emphasizes local production alongside their expansion plans. Their strategy involves manufacturing elevators where they are installed and maintained, ensuring efficiency and responsiveness to market needs. To support this growth, the company intends to expand its training facilities in India, adding to the three existing centers. This investment in training will contribute to a skilled workforce that can meet the demands of the growing elevator market.
Napoli highlights India's vast potential, with a population one-sixth to one-seventh the size of China's. This translates to a much larger potential market for elevator installations in the coming years. Schindler's commitment to expanding its workforce from 6,000 to 10,000 employees and training programs demonstrates their long-term vision for success in the Indian market.
Schindler's expansion plans hold promise for both the company and India. The increased demand for elevators will create jobs in manufacturing (estimated at around 10,000 new positions), installation, and maintenance. Schindler's investment in training will contribute to a skilled workforce, while the company benefits from a growing and dynamic market. This expansion has the potential to be a win-win situation for all involved.
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