Philips Lighting is looking to tap opportunities in plans to convert over 30 million street lights into the LED-based system in India after bagging a major chunk of government’s LED distribution scheme, reported Money Control.
The company is working with the local municipal bodies by participating in the tenders floated to convert conventional lighting to LED (light-emitting diode) system.
“Its a big opportunity for us and we are leading in that as space as well,” Philips Lighting India Vice Chairman and MD Sumit Joshi told PTI.
The government, through Energy Efficiency Services Ltd (EESL), is encouraging the local bodies for LED adoption to save energy.
“There are different numbers. People talk about 30 million street light points but in my opinion, there are more as there are many parts of the country which are not lit and there would be more street light needed,” he added.
Besides, Philips Lighting is also eyeing government’s scheme Pradhan Mantri Sahaj Bijli Har Ghar Yojana also called as Saubhagya, which is aimed to provide electrical connections to over 40 million families in rural and urban areas by 2018.
Joshi, however, did not share contribution from the government tenders such as EESL in Philips Lighting’s India turnover.
“In EESL, we are leading in the tender but there is a big business outside EESL. Other business has also developed,” Joshi said, adding “EESL is one of our biggest customers”.
According to him, there is a lot of activities in segments as consumer homes, connected lighting, b2b business and new offices are coming up.
It is also expanding its portfolio of connected lighting through a range of Hue Smart Lighting System and has recently opened its global remote operating centre in Bangalore.
“In India, the journey has also started. The adoption is happening in business as technology company which want to bring value to their employees and getting it connected and monitoring the energy preference,” he added.
