European Union & Kone

European Union: The EU is the key counterpart, reaffirming commitment to the FTA and cooperating on technology and regulatory issues, which may enhance economic integration with India.

Kone: Kone was encouraged to increase investments in India, aligning with India's push for manufacturing and infrastructure development.

Kone: Kone is acquiring ThyssenKrupp in a deal valued at 29.4 billion euros, which will create the world's largest lift maker and significantly expand its global footprint, particularly in the Americas. This acquisition is expected to accelerate Kone's strategic shift to service and modernization, reinforcing its resilience and leading to annual synergies of 700 million euros.