Opple Lighting, China’s leading lighting
solutions company has entered the Indian LED lighting market with the launch of
its first retail store in Chennai. The Rs 3,000-crore company has a presence in
over 50 countries and provides lighting solutions for both retail and
commercial users.
Opple Lighting India chairman S
Venkataramani said the company plans to invest about Rs 60 crore for its India
operations, primarily for brand building and marketing. Opple also plans to set
up 50 exclusive brand outlets and about 400 shop-in-shop stores over the next
three years.
Lighting is a Rs 12,000 crore market in
India, growing at a pace of 17-18 per cent, of which the LED lighting segment
is growing at a rate of 41.5 per cent, according to ELCOMA (Electric Lamp and
Component Manufacturers Association of India).
India, just being at the cusp of a
transition from CFL to LED lighting, provides a perfect base for LED solution
makers to capitalize on the opportunity, a statement from the company has said.
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