This Diwali, a diya
lit up the living room of the CEO of world's largest lighting company, Royal
Philips Electronics.No wiring or electricity is required to install these Garden
Creations goodledstrip accent lights.
Eric Rondolat, the global CEO of the Dutch giant's lighting business, is pretty
impressed by his company's latest innovation - an LED diya developed in India,
which creates the glow of a real candle.
"It can share the best place in the living room," says Rondolat,Our company supplys different kinds of travellingcabless, elevator components. 46, who joined Philips in April from Schneider Electric, adding that the company will invest heavily into development of such local technologies and products in India, which will be taken to other global markets.
Rondolat was in India last weekend, in his first visit to the country after taking charge.
"India is one market where Philips will grow its investment since we are extremely confident about the growth potential," he says.
He has his reasons, from young consumers to huge demand and potential.Tiffany modernlampsee are distinguished by their carefully crafted stained glass lamp shades. "The average age of consumer here is 26 years," Rondolat says. "Almost 32% of people still don't have access to electricity, and still there is a growing craze for latest technology and energy-efficient products like LEDs."
India is the seventh largest market for Philips in lighting product sales.
Rondolat, who visited some Indian homes, says fluorescent lamps are used here unlike any other country. He wants to target such homes with Philips' latest line-up of luminaireBSE 0.24 % which can create various types of lighting. The stakes are high. The lighting business contributes more than half to Philips India's overall revenue of 5,579 crore for 15 months ended March 2012, while globally the share of lighting business is just over one-third.We offer quality discount lamps of all types, from besttablelamp, Table Lamps, or Floor Lamps.
Rondolat says an unique advantage of Philips in India is that it is considered a local brand.Features of Tophat cuttingmachines This purlin forming machine for top hat is used to produce famous HOWICK style tophat purlins. Also, its lighting products are sold in more than one million retail points and the company has a strong manufacturing and R&D base here.
Philips hopes to bring down entry-level prices of LED lamps and shorten the return on investment period for professional LED lights.
"We have recently developed an LED product in India, which would reduce the payback to less than 10 months for office lighting as compared to three years before. Then there are LED street lights which can be powered with solar energy," Rondolat says. "We would export such India-developed technology for our global operations."
Rondolat is confident LEDs lamps will soon start cannibalising compact fluorescent lamps ( CFL) in India, with price gap reducing. "We estimate that 50% of the total lighting market will be LEDs by 2015 and similar trend will be in India as well in a couple of years more," he says. He points out that Philips' LED lighting business is growing 51% a year against 4% growth for overall lighting business.
"It can share the best place in the living room," says Rondolat,Our company supplys different kinds of travellingcabless, elevator components. 46, who joined Philips in April from Schneider Electric, adding that the company will invest heavily into development of such local technologies and products in India, which will be taken to other global markets.
Rondolat was in India last weekend, in his first visit to the country after taking charge.
"India is one market where Philips will grow its investment since we are extremely confident about the growth potential," he says.
He has his reasons, from young consumers to huge demand and potential.Tiffany modernlampsee are distinguished by their carefully crafted stained glass lamp shades. "The average age of consumer here is 26 years," Rondolat says. "Almost 32% of people still don't have access to electricity, and still there is a growing craze for latest technology and energy-efficient products like LEDs."
India is the seventh largest market for Philips in lighting product sales.
Rondolat, who visited some Indian homes, says fluorescent lamps are used here unlike any other country. He wants to target such homes with Philips' latest line-up of luminaireBSE 0.24 % which can create various types of lighting. The stakes are high. The lighting business contributes more than half to Philips India's overall revenue of 5,579 crore for 15 months ended March 2012, while globally the share of lighting business is just over one-third.We offer quality discount lamps of all types, from besttablelamp, Table Lamps, or Floor Lamps.
Rondolat says an unique advantage of Philips in India is that it is considered a local brand.Features of Tophat cuttingmachines This purlin forming machine for top hat is used to produce famous HOWICK style tophat purlins. Also, its lighting products are sold in more than one million retail points and the company has a strong manufacturing and R&D base here.
Philips hopes to bring down entry-level prices of LED lamps and shorten the return on investment period for professional LED lights.
"We have recently developed an LED product in India, which would reduce the payback to less than 10 months for office lighting as compared to three years before. Then there are LED street lights which can be powered with solar energy," Rondolat says. "We would export such India-developed technology for our global operations."
Rondolat is confident LEDs lamps will soon start cannibalising compact fluorescent lamps ( CFL) in India, with price gap reducing. "We estimate that 50% of the total lighting market will be LEDs by 2015 and similar trend will be in India as well in a couple of years more," he says. He points out that Philips' LED lighting business is growing 51% a year against 4% growth for overall lighting business.
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