Mitsubishi Electric Corporation in December 26th said that it has established a JV company in India to sell,manufacture,install and provide maintenance for elevators and escalators.

The new company,Mitsubishi Elevator ETA India Private Ltd,is based in Chennai.

The JV was formed with UAE based ETA Ascon Holding LLC.

Mitsubishi Electric said that it has been associated with the elevator and escalator business in India since 1995.

It said that the Indian market is growing,adding that skilled engineers to be sent from Japan will provide company employees with technical training.