January 19, 2015: The Indian LED market is expected to touch Rs 216,000 million by 2020, mainly driven by government decision to switch to LED technology for street lights and public space lighting. The Indian LED market was at Rs 19,250 out of the total lighting industry’s turnover of Rs 130,000 million in 2013.
By 2020, it is projected that the Indian lighting industry will touch Rs 350,000 million, of which LED lighting market will be worth Rs 216,000 million, which is about 60 per cent of the total turnover of the lighting industry, Surya Roshni managing director Raju Bista told PTI.
The government has decided to switch to LED for all street lamps and public space lighting.
This boost in the LED market growth along with the government?s recent decision to shift to LED technology and to ban production of traditional lights in phases will boost domestic manufacturing of LED lighting products as well.
None of the facts and figures mentioned in the story have been created by BizLED.co.in. BizLED is not responsible for any factual errors.
Indian LED industry to touch Rs 216,000 m by 2020, says Surya Roshni MD %%http://bizled.co.in/indian-led-industry-to-touch-rs-216000-m-by-2020-says-surya-roshni-md/%% appeared first on %%www.bizled.co.in%%