Sep 29, 2016: Microtek, a leading inverters manufacturer in India, is set to enter the Indian LED lighting segment for industrial, outdoor and indoor applications. The inverter maker will also introduce eco-friendly packaging for LED lighting products.
Microtek will showcase the LED products next month in Light India, exhibition in New Delhi, which is a clear indication that the company is entering LED lighting market in India. However, Microtek has not clarified the news.
With the Indian government aggressively pushing LED lightging across the country, through its LED subsidised scheme UJALA, the LED lighting market has become lucrative for all the stakeholders as the demand for LED lighting coming from almost all the states of India is leading to potential businesses for the LED players. Hence, this is the right moment for any player to enter the market, whether as a manufacturer or assembler or as a trader. However, it is still not clear if Microtek would manufacturer LED products itself or would assemble them.