Lighting Science And Dixon Join Hands To Light India With LED
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Oct 23, 2024
Oct 23, 2024
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The U.S based world’s leading LED manufacturing and marketing company Lighting Science Group join hands with Dixon Technologies for manufacturing and marketing a very large scale LED lights in India. They planned to manufacture 65 watts sub-$15 omnidirectional street, industrial, outdoor and domestic lamps. These lamps will utilize up to 85% reduced electricity than current lights consuming. Currently hundreds of millions of compact fluorescent lamps (CFL) were sold in India each year because of their long life and high efficiency. But the mercury present in the CFL makes the disposal of them complicated. LED lights have no polluting substances in them and they even consume 35% less electricity than CFL lamps.
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The main reason for these companies to join hands is that the Indian light market at 2015 is expected to be worth around Rs 2,000 crore. With the last year market worth which is around Rs 225 crore the expected growth rate exceeds 50% per annum.
"As India undergoes an infrastructure transformation in the next few years, the country has an unprecedented opportunity to leapfrog the rest of the world by becoming an early, large-scale adopter of LED technology," said Jim Haworth, chairman and chief executive officer of Lighting Science Group.
"With India's peak load electricity deficit expected to increase upwards of 15% in the near-term, the adoption of energy efficient technologies will prove critical in meeting India's infrastructure needs and demands of continued economic growth. Our partnership with Lighting Science Group will make LED technology available for large scale implementation in the Indian market and we expect to be the market's leading seller of LED lighting within two years," said Sunil Vachani, chairman and managing director of Dixon Technologies.
These two companies planned to make these LED bulbs not only long lasting, pollution free and affordable but also one of the best selling product in India. They planned to hit the Indian market with their LED lamps within six months and in a year worldwide.
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The main reason for these companies to join hands is that the Indian light market at 2015 is expected to be worth around Rs 2,000 crore. With the last year market worth which is around Rs 225 crore the expected growth rate exceeds 50% per annum.
"As India undergoes an infrastructure transformation in the next few years, the country has an unprecedented opportunity to leapfrog the rest of the world by becoming an early, large-scale adopter of LED technology," said Jim Haworth, chairman and chief executive officer of Lighting Science Group.
"With India's peak load electricity deficit expected to increase upwards of 15% in the near-term, the adoption of energy efficient technologies will prove critical in meeting India's infrastructure needs and demands of continued economic growth. Our partnership with Lighting Science Group will make LED technology available for large scale implementation in the Indian market and we expect to be the market's leading seller of LED lighting within two years," said Sunil Vachani, chairman and managing director of Dixon Technologies.
These two companies planned to make these LED bulbs not only long lasting, pollution free and affordable but also one of the best selling product in India. They planned to hit the Indian market with their LED lamps within six months and in a year worldwide.
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