India's 240 billion rupees vigorously promote LED lights facelift plan

According to foreign media reports, the Indian government in October last year began promoting energy conservation, and strive to replace the existing 750 million incandescent bulbs with LED. However, due to the country's LED manufacturing industry started late, or about 240 billion rupees LED bulb is likely a large single flowers China.

India's 240 billion rupees vigorously promote LED lights facelift plan

Although compared with traditional lighting, LED lights cost more, but it has its own energy-saving, long life and other characteristics. Therefore, local businesses believe that the next two years, the Indian LED market will become saturated.

It is reported that the final order may be upgraded to 2 billion energy-saving light bulbs, each at 120 rupee terms, the total amount of the contract is expected to reach 240 billion rupees.

Confederation of All India Traders (CAIT) SaidPraveenKhandelwal Secretary-General said that India violated the LED industry status "Made in India" strategy proposed by Prime Minister Modi. Even large-scale LED manufacturers directly from Chinese imports of energy-saving light bulbs, do not have the capacity required by the market, not to mention the small business. "Indian enterprises at least six months to improve productivity," he added.

Although the Indian government announced a number of preferential policies and measures to promote the country's LED manufacturing industry, but a little too late. India has a lot of assembly, design and manufacture of LED lights companies, but the LED chips are imported.

"LED lighting market in India is still in its early growth stage, local businesses have not completely mastered the core components of the production technology, the next two years, the government will continue to encourage domestic manufacturers to drive market growth." India's Bureau of Energy Efficiency Director AjayMathu said.

Industry sources say that over the past five years (2010-2014) the growth of the LED industry in India more than 50%, and is expected in the next five years (2015-2019) will sustain this growth rate, market size in 2021 is expected to exceed $ 2.2 billion.

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