More companies needed to meet upcoming lift demand | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
June 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JUNE 11, 2025
More companies needed to meet upcoming lift demand

Supplement

TBS Report
14 July, 2024, 10:55 am
Last modified: 14 July, 2024, 10:59 am

Related News

  • The evolution of elevators
  • Regulatory body needed to oversee elevator safety amid rising installations
  • In search of the country's first elevator
  • Absence of monitoring authority holding back 'Made in Bangladesh' elevator goal
  • Property Lifts: Elevating the standards of locally manufactured elevators

More companies needed to meet upcoming lift demand

In an interview, Jenan Ul Islam, executive director and chief business officer of Walton Lift, talks to The Business Standard about the company’s commitment to safety standards for its elevators, the need for more companies to start manufacturing lifts locally, and how they look forward to expanding to the international market in the future

TBS Report
14 July, 2024, 10:55 am
Last modified: 14 July, 2024, 10:59 am
Sketch: TBS
Sketch: TBS

Walton has been making its own elevators since 2018, making it a leader in the manufacturing sector. What is the state of local lift manufacturing in Bangladesh at present? How has the response been for lifts manufactured by Walton?

Walton has been producing world class elevators locally, maintaining European standards in terms of design, production, installation and services. The key feature of our lifts is safety. Walton maintains 100% safety standards. So, basically there is no difference between what Walton produces locally and foreign elevators. 

In fact, seeing the rapid growth of Walton in the lift manufacturing sector, some other companies are also planning to enter this industry soon.   

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

What do you think must be done to reduce the import dependency and move towards more local assembling and manufacturing? Do you think the local industry can scale up and upskill itself for exports at some point in the future?

The upcoming market demand for elevators in Bangladesh is so big that a handful of companies cannot serve this. That is why more and more companies should enter this industry at the manufacturing level. 

Government regulations regarding elevator safety standards at every phase, especially in new installations and maintenance, must be developed through a proper regulatory authority. Besides imposing CD/SD/VAT at the import phase to encourage more local investment can be a good move. 
We are hopeful for the international market after the successful operation of our dedicated lift testing tower.  

How many elevators has Walton supplied so far? In which building did you install your first elevator? What are some of your most notable projects in Bangladesh?  

Walton has supplied more than 1,500 elevators throughout the country, though our first elevator was a 300kg passenger lift at Uttara.

Bangladesh Secretariat, Naval Headquarters, BGB Headquarters, cantonments all over Bangladesh, BPATC, Daffodil University, Uttara University, Abahani Sports Complex, Khulna University, Chittagong Metropolitan Hospital, GPH Ishpat Factory and many more are now regular users of Walton lifts. 

What role would you say elevators play in enhancing urban mobility of fast growing cities like Dhaka?

Elevators play a vital role in enhancing urban mobility, especially in fast-growing cities like Dhaka, considering vertical growth and space efficiency, accessibility and inclusivity and reducing overcrowding. Elevators are indispensable for navigating tall buildings, maximising space, and creating accessible, efficient urban environments.

What sets Walton's elevators apart from those of other brands in the market?

Walton is the first local manufacturer of world class elevators whereas all other brands in the market are import dependent. This is the main difference with others. Besides shortest delivery lead time, dedicated quality installation team and countrywide quickest after sales service make us unique and trustworthy to customers.   

What are the biggest challenges currently facing the elevator industry?

Having no government regulatory authority is the main challenge to ensuring proper safety standards at the product, installation and service levels in Bangladesh right now. There are so many elevator suppliers without a skilled workforce and necessary safety components who are supplying and installing lifts.    

 

Industry

Uplift your life

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Foreign firm to draft merger plan for investment promotion agencies
    Foreign firm to draft merger plan for investment promotion agencies
  • File photo of ex-prime minister Sheikh Hasina and her son Sajeeb Wazed Joy. Photo: Collected
    Joy spends Eid with Hasina in India: Indian media
  • European aircraft- manufacturing company Airbus and British aviation giant Menzies Aviation. Photo: Collected
    Aviation giants Airbus, Menzies seek long-time partnership with Bangladesh

MOST VIEWED

  • Illustration: Duniya Jahan/ TBS
    Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon
  • A file photo of Bangladesh Bank Governor Dr Ahsan H Mansur. Photo: Collected
    'I have no relation with this': Ahsan Mansur debunks Joy’s allegations over daughter’s Dubai flat
  • Faiz Ahmad Tayeb. Photo: BSS
    Import duty on raw materials for e-bikes, lithium batteries reduced from 80% to 1% in some cases: Faiz Taiyeb
  • Screengrab from video shows a group of local youths forcing tourists to leave a tourist spot in Utmachhra area of Sylhet's Companiganj on Sunday, 8 June 2025, citing allegations of obscene activities and environmental damage
    Locals declare tourist spot in Sylhet 'closed', force visitors to leave
  • Shakil Ahmed. Photo: Collected
    DU student allegedly hangs himself following threats over old derogatory comment about Prophet on Facebook
  • Photo shows the Land Cruiser Prado car belonging to former member of parliament (MP) Anwarul Azim Anar found in Kushtia. Photo: TBS
    Luxury car of ex-AL MP Anar, who was killed in Kolkata, found in Kushtia

Related News

  • The evolution of elevators
  • Regulatory body needed to oversee elevator safety amid rising installations
  • In search of the country's first elevator
  • Absence of monitoring authority holding back 'Made in Bangladesh' elevator goal
  • Property Lifts: Elevating the standards of locally manufactured elevators

Features

Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

14h | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

2d | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

3d | Bangladesh
Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

6d | Panorama

More Videos from TBS

Greta Thunberg deported from Israel

Greta Thunberg deported from Israel

16h | TBS World
BNP is not a revolutionary party: Mirza Fakhrul

BNP is not a revolutionary party: Mirza Fakhrul

17h | TBS Today
News of The Day, 10 JUNE 2025

News of The Day, 10 JUNE 2025

14h | TBS News of the day
Trump sends 2,000 more National Guard and 700 Marines to Los Angeles

Trump sends 2,000 more National Guard and 700 Marines to Los Angeles

17h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net