# Schindler Group to invest INR 170 crore in India escalator plant

Schindler Group is set to invest INR 170 crore to expand its manufacturing facilities in India by setting up the country's first escalator plant by an MNC.

- Type: Expansion
- Announced: 2017-10-06
- Where: India
- Value: $26.0M (1.70B INR)
- Status: announced
- Products: escalators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Schindler Group](https://endata.com/companies/17736.md)
- [Schindler India](https://endata.com/companies/17737.md) (partner)

## Sources

- [indbiz.gov.in](https://indbiz.gov.in/schindler-india-a-successful-partnership/), 2017-10-06: "Schindler Group is set to invest ₹170 crores to expand its manufacturing facilities by setting up India’s first Escalator Plant by an MNC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.