The government of India LED industry, lighting market continues to expand

India LED Exhibition (LED Expo) held in India, New Delhi from November 30th to December 2nd, in addition to India a total of 370 exhibitors from 11 countries or regions, Taiwan, China vendors are LANYA optics, ledlink optics, meanwell enterprises, shangze Fullerton photoelectric technology and Edison optoelectronics 6 exhibitors. The India government intends to promote the LED industry, due to the internal and export demand, the market size is expected to continue to expand the future.

This year's exhibition in Taiwan Chinese manufacturers, including the manufacture and sale of LED light ball, light board and optical lens and other components of the Edison optoelectronics, ledlink optics, and the power supply system provides solutions for meanwell enterprises, to enter the market in India for 8 years to 10 years, and the 3 companies have participated in India last year LED expo.

At present, India LED lighting market is still in its infancy, the existing international manufacturers optimistic about India, PHILPS Corp. (Philips Lighting) and OSRAM have set up factories in India, as a global market production base.

According to the LEDinside report, the 2016 India LED lighting market size of $1 billion 140 million, the annual growth rate of 47.1%, estimated in 2020 will reach $1 billion 715 million.

India Prime Minister Modi in 2016 proposed the "smart city plan", is expected to be in 2 years to build 30 million India street, including the replacement of new and new street. LED Taiwan factory Everlight recently successfully won the India South Street standard, the next year will be shipped 10 tens of thousands of lights.

India goods and services tax (GST) tax in July this year at the beginning, unified tax rate of 5%, 12%, 18%, 28% and 4 kinds of different tax rates, and the exchange rate is omitted because the provinces in different conditions. But under the influence of GST, LED market growth slowed this year.

Many foreign businessmen, including still exploring new tax system, the short term, the market price will fluctuate by the new tax system. However, KPMG (KPMG) is a new system of GST evaluation, the long term favorable India Taiwan to enter the sales market, the price is also more flexible, Dumbledore to taiwan.

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