Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-09-29

Lighting firms look to cash in on 100 smart cities plan

The companies are looking to tap opportunities, especially with their LED lighting products that are durable and energy efficient for both in house and street lighting

Philips, Bajaj Electricals, Havells and Toshiba are sensing a good business opportunity' in the government's plan to develop 100 smart cities across the country, as per a PTI report.
 

 

The companies are looking to tap opportunities, especially with their LED lighting products that are durable and energy efficient for both in house and street lighting, could suit well with the requirements of the smart cities.

 

 

"Smart cities are going to be connected smartly. There would be data integration; it cannot be done through conventional lighting. So if the government is saying that there would be 100 smart cities coming up, then of course LED lighting would play a big part in it, “Sumit Joshi, Senior Director (Marketing), Philips Lighting told PTI.

 

 

Philips, which is reorganizing its business by separating its lighting arms, is expecting that in the next two years half of its revenue would come from the LED segment.
 

"Smart city definitely would be one of our major operation areas. We are working in that direction. Good opportunities are there. The government is going to set up 100 smart cities... The pilot project is going in Bangalore and we are working closely following it," Sundararajan R, President Lighting Business Group, Bajaj Electricals, told PTI.

 

 

Similarly, Havells is also planning to expand its LED manufacturing capacity at its Neemrana, Rajasthan plant by investing more capex next year.

 

 

"The smart city projects would be future growth driver for the lighting industry," said Havells India President Sunil Sikka.

 

 

"Our primary manufacturing facilities are in China and Japan. We are also trying to see India as next manufacturing base, not only for the local market but also producing for global needs," said Toshiba Lighting & Technology Corporation President and CEO Yoichi Ibi.

 

Philips, Bajaj Electricals, Havells and Toshiba are sensing a good business opportunity' in the government's plan to develop 100 smart cities across the country, as per a PTI report.

 

The companies are looking to tap opportunities, especially with their LED lighting products that are durable and energy efficient for both in house and street lighting, could suit well with the requirements of the smart cities.

 

 

"Smart cities are going to be connected smartly. There would be data integration; it cannot be done through conventional lighting. So if the government is saying that there would be 100 smart cities coming up, then of course LED lighting would play a big part in it, “Sumit Joshi, Senior Director (Marketing), Philips Lighting told PTI.

 

 

Philips, which is reorganizing its business by separating its lighting arms, is expecting that in the next two years half of its revenue would come from the LED segment.
 

 

"Smart city definitely would be one of our major operation areas. We are working in that direction. Good opportunities are there. The government is going to set up 100 smart cities... The pilot project is going in Bangalore and we are working closely following it," Sundararajan R, President Lighting Business Group, Bajaj Electricals, told PTI.

 

 

Similarly, Havells is also planning to expand its LED manufacturing capacity at its Neemrana, Rajasthan plant by investing more capex next year.

 

"The smart city projects would be future growth driver for the lighting industry," said Havells India President Sunil Sikka.

 

 

"Our primary manufacturing facilities are in China and Japan. We are also trying to see India as next manufacturing base, not only for the local market but also producing for global needs," said Toshiba Lighting & Technology Corporation President and CEO Yoichi Ibi.

 

Related opportunities
  • Quick Service Restaurants
    About Us: This quintessential restaurant will transport you to a European..
    Locations looking for expansion Andhra pradesh
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Casual dine Restaurants
    About Us: “PASTOVILLA" aspires to expand its presence in the vegetarian..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Mobile & Communication/Internet Connections
    About Us: In 2009 Gerardo Taglianetti, founded Phonup amongst first companies  in..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: In My Student days in Australia I worked as..
    Locations looking for expansion Telangana
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts