Regulatory body needed to oversee elevator safety amid rising installations | 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

Thursday
June 05, 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
THURSDAY, JUNE 05, 2025
Regulatory body needed to oversee elevator safety amid rising installations

Supplement

Foisal Ahmed
14 July, 2024, 11:20 am
Last modified: 14 July, 2024, 11:22 am

Related News

  • The evolution of elevators
  • 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

Regulatory body needed to oversee elevator safety amid rising installations

As construction booms across the country and the number of elevator installations increase along with it, there is growing concern about the safety and standards of lifts in the country. In an interview with The Business Standard, Mushfiqul Huq, director of Creative Engineers Ltd, urges the formation of a regulatory oversight body to address this problem

Foisal Ahmed
14 July, 2024, 11:20 am
Last modified: 14 July, 2024, 11:22 am
Sketch: TBS
Sketch: TBS

What is the current state of the lift industry in Bangladesh?

The lift market in Bangladesh is still primarily import-based. Walton has started a factory but still imports certain components. Many local factories, especially in Old Dhaka, manufacture lift bodies and assemble lifts using imported controllers and motors, but these often raise questions about standards.

The lift market is highly competitive though, with approximately 400-500 companies supplying lifts in the country. 

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

Actually a large number of companies are here, as there is no regulatory body. So anyone can import lift by merely taking an import licence. 

So customers should thoroughly research the brand and provider before purchasing a lift.

What is Schindler's market position?

Schindler is a global company with a presence on all continents. As a trusted global brand and elevator manufacturer for around 150 years, Schindler makes high-end products. We do not have that many customers as our elevators are used mostly in corporate houses, markets and large apartments or projects.

It is worth mentioning that we have supplied Schindler lifts to three high-rise buildings in Bangladesh.

How do you ensure quality and safety?

Every Schindler lift undergoes inspection and certification as per the Bangladesh National Building Code (BNBC). 

Although there is no regulatory body to ensure compliance, we conduct 100% inspections before handing over any lift, prioritising safety without compromise.

However, there are two to three government-certified inspection bodies, but their accuracy is questionable. So we do it ourselves to ensure utmost safety to our clients. 

Schindler has also introduced the Internet of Elevators and Escalators (IoEE) system to enhance safety. 

In this system, several sensors, including mechanical sensors, will continuously monitor the lift's health and relay data to users via the 'Schindler Ahead' mobile application and the company's central control room.

This real-time monitoring will ensure that any issues are promptly identified and addressed, significantly improving safety and reducing the risk of malfunctions.

This system is available in all developed countries, and even India. Now we are trying to initiate in Bangladesh. We are in discussions with relevant bodies in Bangladesh to get approval for this system.

What about after-sales maintenance?

We provide an annual maintenance contract (AMC) for one year after installation, which is renewable yearly.

Besides this, Schindler offers two types of maintenance contracts: reactive and comprehensive. 

In the reactive contract, we provide mechanics to support while needed.

The comprehensive contract, which includes preventive actions, is more costly and usually preferred by offices and hospitals.

How energy efficient are Schindler lifts?

Schindler lifts save around 40-50% energy through the regenerative motor drive. This technology enables significant long-term savings. 

The regenerative motor drive allows Schindler elevators to recover energy during operation, which is then fed back into the building's power grid. 

This innovative approach ensures that energy is not wasted, making Schindler elevators highly efficient. Additionally, these elevators automatically enter sleep mode during periods of inactivity, such as at night or during off-peak hours, further reducing energy consumption.

What challenges is the elevator industry facing in Bangladesh? 

We need a regulatory body to oversee the industry. Currently, anyone with an import licence can supply lifts, leading to around 4,000-5,000 lifts being installed yearly without proper oversight.

If a regulatory body were to inspect lifts building by building, they would find around 95% of them are not usable due to safety issues. The rapid increase in lift installations calls for urgent regulatory intervention to ensure safety and standards.

The government should also reconsider the rising import duties on elevators. High import duties make elevators more expensive for customers.

So sometimes it forces the customers to buy a low-cost product, overlooking safety. It also impacts our sales. 

Furthermore, more players should start manufacturing lifts locally as we need diversity in exports.

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

  • Infograph: TBS
    Chinese firm to recycle Savar tannery solid waste, produce gelatine, industrial protein powder
  • Long lines of vehicles were seen at the Mawa toll plaza, although movement remained smooth on 5 June 2025. Photos: TBS
    Rush to the south begins: Padma Bridge ensures smooth Eid journey for millions
  • Representational image of bank deposit. Illustration: Collected
    Inflationary pressure drags April deposit growth down to 8.21%

MOST VIEWED

  • Illustration: TBS
    Clamping down: Once Japan, now China
  • (From left) Sadia Haque, Sylvana Quader Sinha and Tasfia Tasbin. Sketch: TBS
    Meet the women driving Bangladesh’s startup revolution
  • Illustration: TBS
    Govt eases tax burden for company funds
  • The incident occurred around 4am on the Cumilla-Sylhet highway in the Birasar area of the district town on 4 June 2025. Photos: Collected
    LPG-laden truck explodes after overturning in Brahmanbaria
  • Highlights: TBS
    Low tender submission marks first round of PDB's solar power quest
  • Sonali Bank profit jumps 32% to Tk988cr in 2024
    Sonali Bank profit jumps 32% to Tk988cr in 2024

Related News

  • The evolution of elevators
  • 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

Features

Illustration: TBS

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

15h | Panorama
(From left) Sadia Haque, Sylvana Quader Sinha and Tasfia Tasbin. Sketch: TBS

Meet the women driving Bangladesh’s startup revolution

23h | Panorama
Illustration: TBS

The GOAT of all goats!

2d | Magazine
Photo: Nayem Ali

Eid-ul-Adha cattle markets

2d | Magazine

More Videos from TBS

The damage to Beijing and Washington from Trump's visa ban

The damage to Beijing and Washington from Trump's visa ban

11h | Others
US imposes 50 percent tariffs on steel and aluminum

US imposes 50 percent tariffs on steel and aluminum

11h | Others
Is the 50-year-old law the new move of Trump's tariff war?

Is the 50-year-old law the new move of Trump's tariff war?

12h | Others
Eid: The Spirit of Sacrifice Shines through the Devotion of Expatriates

Eid: The Spirit of Sacrifice Shines through the Devotion of Expatriates

34m | TBS Stories
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