Home » LED News, Trends, Applications » LED India News » Philips, Bajaj to cash in on 100 smart cities plan

Philips, Bajaj to cash in on 100 smart cities plan

Philips, Bajaj to cash in on 100 smart cities plan

By BizLED Bureau

April 2, 2015: Sensing good business opportunity in the government’s plan to develop 100 smart cities across India, LED lighting majors like Philips, Bajaj Electricals, Havells and Toshiba are trying to cash in on this opportunity.

Smart city concept

The government has announced a plan to set up 100 smart cities across India that will provide modern amenities, education and employment opportunities, including better and cost-effective lighting systems. An allocation of Rs 7,060 crore is being done in the Budget. The smart cities initiative has grabbed attention of the IT sector as it is expected to invite an investments upto Rs 2,000 crore.

Looking to tap opportunities with LED

The lighting majors are looking to tap opportunities, especially with their LED lighting products that are durable and energy efficient for both inhouse and street lighting, which could suit well with the requirements of the smart cities.

Sumit Joshi, Senior Director, Marketing, Philips Lighting, said, “Smart cities are going to be connected smartly. There would be data integration, it cannot be done through conventional lighting. So if the government is saying that there would be 100 smart cities coming up, then of course LED lighting would play a big part in it.”

Philips, which is reorganising its business by separating its lighting arms, is expecting that in the next two years half of its revenue would come from the LED segment.

“Smart city definitely would be one of our major operation areas. We are working in that direction. Good opportunities are there. The government is going to set up 100 smart cities… The pilot project is going in Bangalore and we are working closely following it,” Sundararajan R, President Lighting Business Group, Bajaj Electricals, told PTI.

Similarly, Havells is also planning to expand its LED manufacturing capacity at its Neemrana, Rajasthan plant by investing more capex next year.

“The smart city projects would be future growth driver for the lighting industry,” said Havells IndiaBSE 4.49 % President Sunil Sikka.

Sensing good opportunities in the lighting segment here, Japanese electronics giant Toshiba is scaling up its size and has plans to set up a manufacturing base. It is also investing in the R&D centres of its subsidiary GreenStar.

“Our primary manufacturing facilities are in China and Japan. We are also trying to see India as next manufacturing base, not only for the local market but also producing for global needs,” said Toshiba Lighting & Technology Corporation President and CEO Yoichi Ibi.

Also Read: Smart LED Lights for Smart Cities


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.
Submit new products, case studies/projects, and press releases at [email protected]


Philips, Bajaj to cash in on 100 smart cities plan %%http://bizled.co.in/philips-bajaj-to-cash-in-on-100-smart-cities-plan/%% appeared first on %%www.bizled.co.in%%


subscribe-newsletter (1)

 

 


Pin It

Leave a Reply

Your email address will not be published. Required fields are marked *

*