India government has initiated a scheme to install LED bulbs for domestic and street lighting in 100 cities by March 2016, reports Business Line.
Major players of lighting industry in India sees huge opportunity in LED segment and are all prepared to create a strong marketing push in near future.
They have started moving forward with plans to enhance LED production capacities as well as increase consumer awareness for this thriving industry.
The industry is inspired by Prime Minister Narendra Modi terming LED lights as ‘prakash path” (way to light) in a recent speech.
For Western Railway, the scenario is about to change with a plan proposed to replace the existing fluorescent tube lights in local trains as well as office buildings with LEDs.
The project was initiated earlier this month at the Mahalaxmi car shed in Mumbai by replacing about 500 fluorescent tube lights with LED ones.
For instance, Surya Roshni has made investments in the range of ₹40-50 crore and aims to achieve revenues worth ₹500 crore in the LED segment in the next two-three years.
Orient Electric has decided to switch more than 50 per cent of its production capacity from CFL (compact fluorescent lamp) to LED lamps by March.
In addition, they have plans to add the capacity to produce nine lakh LED lamps a month.
Bajaj Electricals expects revenues from its LED business to double by the next fiscal with the launch of its new range of products.
LED lamps start from ₹300-400 and are said to last up to 25,000-50,000 hours.
Besides, the Electric Lamp and Component Manufacturers Association members have decided to stop production of ordinary bulbs in a phased manner.
According to industry estimates, the LED lights business in the country stood at about ₹4,000 crore in 2014 and is expected to touch the ₹20,000-crore mark by 2020.