India’s Lighting Industry Expects Healthy Growth in 2013
MUMBAI: Backed by strong activity on the policy reforms front, the Rs 9,600 crore lighting industry is expecting to clock a healthy growth in the new year. Even though the industry faced some rough weather on project sales, the consumer category is said to be witnessing good growth, said industry experts.
The industry as a whole faced a tough time specifically in project sales. At the same time, the consumer category still witnessed a reasonable growth, with CFLs continuing to be the growth driver. The advent of reliable LED products will play a significant role in the industry growth in coming years, as major players in the industry are already offering very good value propositions in the market, making this segment very vibrant and dynamic. The LED Industry is expected to reach around US $ 500 million by 2015 in India. Within the segment, LED street light and LED solar light’s demand to increase by leaps and bounds in coming years,” said Arun Gupta, global CEO, NTL Lemnis.
As per Elcoma, the industry body representing electric lamp and component manufacturers, the lighting industry in India is growing at nearly 17-18% per annum over the last two to three years. In order to focus attention on this industry and ensure that it derives the maximum attention by policy makers, Elcoma has established a secretariat in Delhi to follow up not only with the government, but with all concerned stakeholders and decision makers,” said Gupta.