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India's LED market has great potential. Philips Lighting is actively exploring the opportunities.
In addition, Philips Lighting is also focusing on India's power supply plan (Pradhan Mantri Sahaj Bijli Har Ghar Yojana is also known as Saubhagya), which aims to provide electricity connectivity to more than 40 million households in rural and urban areas by 2018. According to Indian media reports, a company executive at Philips Lighting said that after obtaining a large portion of the Indian government's LED distribution plan, the company is looking for opportunities to participate in India's project to convert more than 30 million street lights into LEDs. The company is working with local municipal agencies to participate in bidding to convert traditional lighting into LED systems. Sumit Joshi, vice president of Philips Lighting India, said: This is a big opportunity for us, and we are also leading in this field. The Indian government has encouraged local agencies to use LEDs to save energy through Energy Efficiency Services Ltd. (EESL). He added that the number of street lights is different. People say it is about 30 million street lights, but in my opinion, this number will be even bigger, because there are many places in India without street lights, so more street lights are needed. In addition, Philips Lighting is also focusing on India's power supply plan (Pradhan Mantri Sahaj Bijli Har Ghar Yojana is also known as Saubhagya), which aims to provide electricity connectivity to more than 40 million households in rural and urban areas by 2018. However, Josh did not say how much turnover this government bid would contribute. Joshi said that at EESL, we are leading in the tender, but there is a lot of business outside of EESL. Other businesses have also evolved and EESL is one of our largest customers. According to him, with the rise of consumer homes, connected lighting, B2B services and new offices, there are many activities in these areas. Philips Lighting has also expanded its connected lighting portfolio with Hue Smart Lighting Systems and recently opened a global remote operations center in Barnagar. He said: In India, the journey has just begun. Because technology companies want to bring value to their employees, but also because of the need for energy conservation, the adoption rate of LEDs is increasing in enterprises.