N
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L Electronics India Ltd, a major Indian lighting vendor, has announced that it sold 3 million LED retrofit lamps between the beginning of July 2011 and the end of June 2012. The company recorded more than $110 million in sales and has pushed to expand its presence in the solid-state lighting (SSL) market.
Back in April, NTL Electronics also formed a joint venture with Lemnis Lighting (The Netherlands) called NTL Lemnis. Lemnis has expertise in LED lamp design having sold LED retrofit lamps under its own name and through other partnerships. NTL Lemnis will seek to take advantage of what the partners see as growing demand in India.
"
I
n
our new company, NTL Lemnis, we have a renewed focus on LED lighting,"
s
aid Arun Gupta, managing director of NTL Electronics India global CEO of NTL Lemnis. "
G
l
obally, LEDs are fast replacing any other form of lighting and we are convinced that it will be the same for India shortly.”
According to NTL Electronics, "
T
h
e joint venture will look at producing the complete range of energy-efficient LED lighting products under the umbrella of the acclaimed Lemnis brand Pharox."
T
he new feature will have a target focus on applications in retail, IT, hospitality, and healthcare.