India to be a global hub of superior LED products
With the country's overall lighting market valued at Rs 100 billion currently, there is ample room for further growth in the LED segment, says Rakesh Zutshi, President, Electric Lamp and Component Manufacturers' Association of India (ELCOMA) & Managing Director, Halonix Technologies.
LED lighting programme sets off a supply - demand chain reaction
India's streetlights form a crucial component of the nation's investment in lighting and road safety. Launched in 2015, EESL's street light national programme (SNLP) has been instrumental in retrofitting over 6.1 million conventional street lights with LEDs in 941 municipalities across 28 states and union territories in the country.
The Powernomics of GST
Finally, Goods and Services Tax (GST) has arrived on July 1, 2017, and the first batch of filing of monthly returns is underway in August 2017. Like any other changeover, GST is also facing its initial pangs.
Bridging the gap
While India seeks to be the next super power and the biggest economic player in Asia, this entails large strides towards development, which despite all policies and intentions is not possible without sufficient energy supply.
Savings through use of LEDs range from 50-60 percentage
Energy efficiency plays a vital role in meeting India´s growing demand for power. Each unit saved by a single household generates a unit for another household. Today, LEDs are considered to be the most efficient source of lighting.
LED there be Light!
Touted as a power starved nation, India stands out on the world map for having the highest number of people living without power. A shame in itself, the subject is further muddled up in a tug-of-war between the state and Centre.
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