Indian Prime Minister Modi won the election last year and promised to invest in power, railway and other construction to improve the Indian economy, and plans to allow indoor households to use indoor lighting within five years, which will open up opportunities for LED and solar energy.
Taiwanese suppliers said that since the Indian government has begun to open tenders for 20 million LED bulbs will subsidize the local consumers of the product within two years, in the first quarter of 2015, 7W equivalent to 600lm LED bulbs have quickly moved from the original The INR 230 (about 22.5 yuan) dropped to about INR 100 (about 9.77 yuan) and is now further down to INR 80 (about 7.98 yuan).
In addition, India seems to be planning to turn India into a huge solid-state lighting market in the next few years.
The Indian government requires suppliers to assemble LED bulbs in cooperation with lighting suppliers/vendors in India. The government believes that about 2 million LED bulbs will be purchased every one to two months of open tendering, and about 1 million baht has been purchased so far.
The Indian government initially requested LED lighting products from international manufacturers, including Nichia, Lumileds, Cree and Osram, but the source said it has relaxed restrictions. As a result, several LED lighting manufacturers in China, including Mulinsen, Foshan Lighting, Guoxing Optoelectronics and Hongli Optoelectronics, as well as Taiwanese manufacturers such as Edison Optoelectronics and Everlight Electronics have passed the supplier qualification review.
Although the big price cuts have made the winning bid unprofitable, LED lighting manufacturers have taken part in the ladder to the Indian LED lighting market, and believe that there is still a large potential demand in India, which has led to increasingly fierce competition.
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