Thyssenkrupp To Set Up Elevators Arm

The euro 3 billion German elevator manufacturer ThyssenKrupp is setting up a subsidiary in India for manufacturing and marketing of elevators and escalators.

ThyssenKrupp Elevator AG is a part of the same ThyssenKrupp group which had acquired the Nashik-based steel plant of Raymond at a cost of Rs 412 crore in September last year. It is also the world