Manlift Group, a company that leases aerial work platforms, has planned an additional investment of up to 25 million euros in India as it looks to experience significant growth there over the next five years. Since its inception in 2010, Manlift India has replaced machinery worth an equivalent amount of up to 70 million euros throughout the nation.
The Manlift group, which operates in Qatar and the United Arab Emirates, includes Manlift India. In addition to the Manlift region, the group is active in France, Spain, the Netherlands, Poland, Germany, Denmark, Norway, Sweden, Croatia, Kazakhstan, and Slovenia as a member of the Riwal Group. The company sees India’s rapidly expanding infrastructure development as a tremendous potential, particularly in light of the introduction of the PM Gati Shakti NMP (National Master Plan) with a budget of up to Rs100 lakh crore in the Union Budget 2022.
Manlift group sees India’s rapidly expanding infrastructure development as a tremendous potential
While addressing the gathering, Pedro Torres, CEO of Riwal Holding Group, India represents a significant possibility for us. In India, there is already a significant market for construction machinery and equipment, and according to our company, this market will expand rapidly over the next few years. We have high hopes for the future and are eager to grow our business in India.
Torres stated that our company intended to invest 20–25 mn euros in India over the following five years to meet the expanding need and tap into the market’s increasing demand. With the help of this financing, additional depots will be opened and a greater selection of highly desirable machinery will be available. Manlift offers tools and equipment for working at heights in businesses of all sizes, including those in the real estate, transportation, and real estate industries.
With the help of this financing, additional depots will be opened
Their main source of revenue is equipment and machinery rental, which is supplemented by other services like training. Quality tools for working at heights are also available from many of the top brands at Manlift. In a few nations, the business is the official dealer for JLG, Teupen, and Genie. Additionally, it offers top-notch old machinery for sale directly from its rental fleet.
Manlift India has three depots (in Sanand, Peukonda, and Greater Noida) that are easily accessible from all Indian states and have a large presence throughout the country. The Manlift company also has immediate plans to grow even further and open a second base in Kolkata. To prioritise safety in the sector and deliver “the best customer experience,” the fleet has increased to more than 1300 units, and the Manlift family in India now employs more than 1000 people.
Customers have also had the chance to obtain expertise through courses leading to internationally recognised certifications in operating MEWPs (Mobile Elevating Work Platforms) at the company’s IPAF-certified training facilities in Greater Noida and Sanand.