Ministry of Electronics and Information Technology ( MeitY) is upbeat about the LED industry in India. Director of MeitY, S K Marwah sees immense potential in this sector.
Addressing the media and the delegates present at the LED Expo 2017 , S K Marwah, Director, Ministry of Electronics & Information Technology said: “The LED industry which is projected to grow at 30 per cent CAGR over the next five years will create a huge opportunity in Indian market and LED Expo will be an apt networking point for LED entrepreneurs, innovators and suppliers under one roof.
He also added, “Government is planning to set up 18 Electronic manufacturing clusters in India.Starting with Bhiwadi in Rajasthan.
The government will also continue its capital subsidy schemes to promote the growth of LED products and technologies in the Indian market.
The absolute need for saving energy to live a better future is making many lighting companies experiment and come up with efficient alternatives to conventional lights. With an aim to continue leading the LED revolution in India, combined with strong backing by government ministries and industrial associations, Over 360 companies from 10 countries participated in the LED Expo 2017. The exhibition witnessed 75% increase in international participation this year.
