Johnson Lifts Pvt., a Chennai-based company specializing in elevators and escalators, plans to invest Rs 250 crore over the next two to three years. 

This significant investment will be used to boost its research and development (R&D) facilities at its factory in Sengadu, near Chennai.

A large portion of this investment will go towards building a state-of-the-art test tower. This tower will be designed to develop and test elevators that can travel at speeds of more than four meters per second. 

This decision comes as India's cities are seeing more high-rise buildings, leading to a greater demand for faster and more efficient lifts.

Yohan K John, Director of Johnson Lifts, emphasized that R&D is crucial for the company's leadership in the market. The new test tower will not only improve R&D but also ensure that the lifts meet the latest Indian safety standards, including a new upcoming code for lifts and elevators. This investment highlights Johnson Lifts' commitment to advanced technology and readiness for the evolving needs of urban India.