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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.

 

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