the LED lighting market to lift their sales

Tong, the director of the Green Energy and Environment Research Laboratories under the government-financed Industrial Technology Research Institute, said he expects LED lights to account for half of the global lighting business in 2020 if its current pace of growth continues.

Analysts said several Taiwanese LED product suppliers, such as Delta Electronics, Chicony Power Technology, Lite-On Technology and Edison Opto, have devoted increasing resources to penetrating the LED lighting market to lift their sales.

According to industry experts, backed by strong activity on the policy reforms front, the Rs 9,600 crore lighting industry is expecting to clock a healthy growth in 2013. Even though the industry faced some rough weather on project sales, the consumer category is said to be witnessing good growth.

Arun Gupta, global CEO, NTL Lemnis, pointed out that, the LED Industry is expected to reach around US $ 500 million by 2015 in India. Within the segment, LED street light and LED solar light's demand to increase by leaps and bounds in coming years,'' said Arun Gupta, global CEO, NTL Lemnis.

As per Elcoma, the industry body representing electric lamp and component manufacturers, the lighting industry in India is growing at nearly 17-18% per annum over the last two to three years. In order to focus attention on this industry and ensure that it derives the maximum attention by policy makers, Elcoma has established a secretariat in Delhi to follow up not only with the government, but with all concerned stakeholders and decision makers,'' said Gupta.