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Dixon Technologies India Pvt Ltd is setting up a Rs 50-crore facility in Noida to manufacture Lighting Science Group’s (LSG) LED lighting solutions for the India market.
As part of the tie-up with the American firm, Dixon will also distribute and sell the LSG lighting products in India.
“Our partnership with LSG will make LED technology available for large-scale implementation in the Indian market. We expect to be a market leader in two years,” said Mr Sunil Vachani, Chairman and Managing Director, Dixon Technologies.
The new facility is expected to be operational by January 2012. The partnership will initially target the street lighting and institutional segments and will eventually focus on the domestic lighting.
LSG has already developed six specific LED products for the Indian market. LSG officials claimed that their lighting products produce more light for less energy than any other similar products currently available in India. The Indian market for LED lighting is expected to grow to Rs 2,000 crore by 2015 at a CAGR of 37 per cent. Street lighting will account for half of the LEDs used in India in 2012.
Dixon manufactures a range of products such as televisions, DVD players, mobile phones and set-top-boxes for customers including LG, Toshiba, Philips and Dish TV. The company had a turnover of Rs 1,000 crore in 2009-10.
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