31
Jan
New Delhi [India], January 31: With the government expected to further step up support for infrastructure and real estate in the upcoming Union Budget 2026, India’s elevator and smart vertical mobility industry stands to gain significantly. The sector underpins construction and real estate, together contributing nearly 16% to India’s GDP, and plays a critical role in housing, metro projects and urban infrastructure. Ahead of the Budget, industry stakeholders are seeking sustained infrastructure spending, targeted incentives for digitalisation and stronger measures to boost local manufacturing to support safe, smart and scalable urban growth. India’s elevator and escalator market, now the world’s second-largest…