Dixon Technologies India Pvt Ltd, an electronic manufacturing services provider, 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 an exclusive tie-up with the American firm, Dixon will also distribute and sell the LSG lighting products in India. The partnership would help LSG gain a foothold in the Indian LED market, which is set to grow to Rs 2000 crore by 2015.
“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.
“As India undergoes an infrastructure transformation in the next few years, the country has an unprecedented opportunity to leapfrog the rest of the world by becoming an early, large-scale adopter of LED technology,” Mr Fred Maxik, Chief Technology Officer, LSG said.
Dixon contract 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 among others. The company had a turnover of Rs 1,000 crore in 2009-10.
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