Chinese LED enterprises optimistic about India LED lighting market

Chinese LED enterprises optimistic about India LED lighting market

With LED lighting applications mature, emerging market introduction of LED lighting faster, India as the world’s second most populous country, and the development of energy market potential business opportunities. According to the report pointed out that the Indian government in order to promote the development of LED industry, wielding two concessions, one of the LED wafer plant (fab) included in the reward regulation MSIPS (Modified Special Incentive Package Scheme), the industry enjoy implementation costs 2 percent of withdrawal grant money, but the initial investment of not less than $ 50 million, local companies and foreign investment are applicable, the purpose is to encourage the build semiconductor fab plant locally in India; the other one is, according to the official policy of preferential market access, government procurement Case will provide 50% the number of LED related products to local manufacturers (to enhance product value 50%), but there is no specification in the tender price and special offers, the purpose is to allow the local manufacture of LED plant to enter the local market.

In India, government policies and strong market demand thrown many bullish, the can be expected in the next few years, LED industry will become India’s star industry, quite worthy of LED-related industry went expanding sales.

India optimistic about the future potential LED market, organized by the International Trade Bureau of the Ministry of Economy, “2015 India International Lighting Exhibition” pavilion TAITRA performed in 2015 the first 5 degrees to the National Museum of the way to handle the image, led 10 LED related Taiwan plant this international event exposure and seek business opportunities overseas.