ISSUE 7: August 2020 - India is shifting from an agrarian economy to an industrialized economy. Today, it ranks as the world’s fifth-largest economy, with a GDP of USD $2.9 trillion. Rapid industrialization and modernization are behind the migration from villages to large cities, driving urbanization forward. In fact, India is urbanizing fast, and 53% of people are expected to live in cities by 2050.
Toshiba Elevator and Building Systems Corporation (TELC) brings the full range of Toshiba’s technological innovations to
safe, reliable, high-speed elevators. For many years, TELC held the Guinness World Record for the fastest elevator in the
world, installed in the TAIPEI 101 building in Taiwan. More recently, TELC won a gold award at the iF DESIGN AWARD for its
FLOORNAVI destination control system, a system grounded in universal design that reduces elevator wait-time and
increases overall ride comfort for everyone.
Building on the achievements of its parent, Toshiba Johnson Elevator India (TJEI) offers a line-up of safe, reliable, high-speed elevators that are environmentally sound. This has allowed TJEI to achieve many milestones along its journey in India, including booking 3,800 unit sales within just eight years of its establishment, and registering a Y-o-Y compound annual growth rate of over 15% in the last 7 years. TJEI also has an enviable record of zero accidents and has supplied elevators with a high speed of 6m/sec.
In just a few years, TJEI has established a foothold in 17 of India’s major cities and is working with over 100 renowned
customers across the country. The company’s name is linked to Surat Diamond Bourse (SDB), India's second diamond
trading hub and one of India’s most prestigious projects. TJEI will install and maintain 128 premium elevators with
destination control system for seamless traffic handling at SDB.
TJEI’s long-term commitment to India is demonstrated by the Training Centre & Distribution Centre (TCDC) it has established in Chennai. The training centre will allow the company to develop highly capable engineering staff, while the advanced parts assembly and stocking facility will further improve the efficiency of on-site work. Going forward, TJEI will continue to focus on improving quality and make investments in engineering facilities that will allow it to bring to market, highly reliable products.
Among the many innovations Toshiba has brought to HVAC, inverter technology for air-conditioning products provides greater comfort and higher efficiency. Toshiba’s investments in research and development are making air-conditioning more competent.
Toshiba Carrier Air-Conditioning India (TCAI) offers high-quality reliable products and unparalleled after-sales support. The company is amongst the top players in Variable Refrigerant Flow (VRF), a form of air-conditioning system used for commercial buildings, which offers numerous benefits like energy efficiency, compactness, quiet operation, long-term reliability, and consistent overall comfort. The VRF market in India is experiencing a rapid year-on-year growth. TCAI plans to double its market share in the VRF category in the next five years.
TCAI is supporting the Government of India’s Make-in-India initiative with its local manufacturing unit, which will meet growing demand from Indian customers, leading to the development of cost-effective products with Japanese quality. In future, TCAI also aims to export from India to neighboring countries like Nepal, Bhutan, and Sri Lanka.