According to a statement by a Philips Electronics India Ltd official, the Indian LED lighting market is expected to touch US$ 478 million by 2015 and Philips Electronics is uniquely positioned in the segment to take advantage of this growth.
He said the growth drivers from the segment are the decline in LED prices, investment by the government in energy efficient lighting systems and the quick return on investment (ROI).
According to him, Philips is uniquely positioned in the LED lighting segment across the spectrum and the company commands 30 per cent market share in the domestic lighting segment.
Soon, an incentive policy for increasing electronics testing labs
In order to motivate entrepreneurs to set up electronics testing labs across the country, DeitY is working to bring out a new incentive policy. The policy is part of the government’s plans to bring about a standards regime for all electronic products.
The Government of India has notified 15 categories of electronic products that must comply with the certified safety and efficiency standards by April 2013. These categories include computers, phones and multimedia products.
According to the estimates, around 50 electronics testing labs are required, which will help electronics manufacturers to get certified before the above-mentioned products hit the shelves. Some manufacturers are setting up their own labs but the government feels the need for setting up independent labs as well.
The government plans to bring other electronic products under this regime in the second phase. However, medical electronics products will not be included under the certified standards regime anytime soon.
