July 13, 2016: Following the announcement made by Lumax Energy Solutions to set up LED R&D facility in Amaravati, the new capital of Andhra Pradesh, a good deal of buzz can be felt across the energy industry. A spokesperson from Lumax said that Amarvati is one of the most favorable places for setting up LED manufacturing facolities.
The senior vice-president of Lumax south India, Dwivedi and the regional head, Praveen Thomas together with area manager of Telangana, CH Suresh, visited the capital city with the aim to explore business opportunities in LED lighting sector.
Amaravati holds huge business opportunities for LED industry
Addressing the media at a press meet, Dwivedi acknowledged the support from the state government and said that the policies and energy schemes started by the Andhra Pradesh government are extremely attractive and suitable for the energy industry. The manufacturing cost of LED products may be reduced if many companies establish units in Amaravati, since the government here has introduced industry-friendly policies. In addition, the government will also transport facilities in the capital city, thus aiding to reduce further expenditure, added Dwivedi.
There are immense business opportunities for the LED manufacturers in Andhra Pradesh since the people of this south Indian state are extremely interested in using LED products. The representatives of Lumax will be meeting N Chandrababu Naidu, the chief minister of Andhra Pradeah and discuss about their plans on setting up LED manufacturing facility in Amaravati.
Lumax has 29 plants in six states across India. In addition, the company has 70% share in automobile segment in India with a turnover of Rs 7,000 crore.