Demand of LED (Light Emitting Diode) lights is increasing rapidly in India, driven by GOI initiatives to promote LED. As part of its Unnat Jyoti by Affordable LEDs for All (UJALA) scheme, GOI has proposed to replace 77 crore incandescent bulbs across the country with LED by 2019.
As can be seen from the table below, LED is far more efficient than Incandescent bulbs and CFL
Most important parts of LED lights are driver, LED diode and body of light. Diode is typically imported from China/Taiwan. However, drivers can be manufactured in India with required specifications and design of PCB.
The LED unit can be started within a budget of Rs. 10 lakhs, including machinery, marketing and working capital and expenses incurred on quality/BIS certification.
Market segments and key players
LED lights are used as House-Hold bulbs, Tube lights, Street lights, Solar powered street lights, Automobile, etc. However, the house hold segment is difficult to enter as one has to compete with large established players such as Bajaj, Syska, Philips, Crompton, Havells, Osram and also with local players who sell imported product. Institutional segment largely comprises government procurement LED under “UJALA” scheme.
Currently, LED demand is driven by the government procurement and one may have to start by contract manufacturing for large companies who supply LED lights to the government bodies.
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