Friday, January 17, 2014: The market across the world is shifting from CFL to LED technologies and the Indian LED lighting market is expected to grow at a CAGR of 47.3 per cent between 2011 and 2018, to touch $1.3 billion by 2018. Back home in India, the demand for LED lighting is expected to grow by about 40 per cent per annum over the next five years. Keeping in mind all the above mentioned trends, Indo-Dutch joint venture and leading manufacturer of LED lighting solutions in India, NTL Lemnis is all set to double its production capacity to 10 lakh pieces each month in 2014-15.
Set up in April 2012, NTL Lemnis is a joint venture between the Noida-based NTL Electronics India Ltd and Lemnis Lighting, The Netherlands. It is involved in designing, manufacturing and selling energy-efficient LED lighting solutions in the Indian and global markets. With that being said, the size of the current lighting market in India stands at around Rs 9,600 crore and the LED lighting industry’s share is around Rs 1,000 crore. Further, 70 per cent of lighting will become LED-based by 2020. NTL Electronics has so far invested Rs 150 crore on its seven plants in Noida, Dehradun and Roorkie, besides investing nearly Rs 25 crore on setting up its eighth plant that might be set up in Gujarat.
NTL Electronics also manufactures its own lamps, and has the capacity to manufacture 1.80 crore pieces a month. A frontrunner in converting CFL lamps to HPF (High Power Factor), as well as redesigning them to make them more cost-efficient, it was NTL that developed and manufactured the first LED lamp in India.
Meanwhile, Lemnis emerged as the first true LED lamp producer globally in 2007.
