Financial Daily from THE HINDU group of publications
Wednesday, Apr 19, 2006
Financial Daily from THE HINDU group of publications Wednesday, Apr 19, 2006 |
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Corporate
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Outlook Wipro Lighting to focus on retail sector Our Bureau
The company was working closely with architects to provide customised solutions such as intelligent lighting controls to save energy and provide aesthetics.
MR RAJESH KOCHHAR, Chief Executive- C&I Business, Wipro Lighting, at a press conference in Bangalore on Tuesday. — G.R.N. Somashekar
Bangalore , April 18 Wipro Consumer Care & Lighting Group on Tuesday showcased its premium range of architectural lighting eyeing the booming retail sector. The focus on the retail segment, which is estimated to spend Rs 500 crore on lighting systems alone, is seen by the group as a potential for increasing its revenue stream considerably. Mr Rajesh Kochhar, Chief Executive of Commercial and Institutional segment in the lighting area, told newspersons here that lighting was one of the most critical parameters in creating the right kind of ambience and focus on products in a shopping space. He said Wipro had already completed providing lighting solution to the third line of Delhi's Metro Rail at a cost of Rs 8 crore. The experience gained in intelligent lighting solution for the Metro rail would help providing superior high-end lighting products and control systems to large retail spaces. He said the lighting solutions business of Wipro had been growing at 20 per cent over the last four years and hoped that the trend would continue. Wipro also announced the launch a new range of furniture including the Yuva range of chairs for the IT and ITeS segment. Mr Kochhar said with growing awareness and demand for quality lighting solutions for indoors, Wipro is confident of meeting the customers' needs. He said the company was working closely with architects to provide customised solutions with modern applications such as intelligent lighting controls to save energy and give an aesthetic dimension to the work places. On the captive demand from the parent company, Mr Kochhar said that it formed only a negligible proportion of the overall lighting business.
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