The US-based LED manufacturer is in advanced talks with three to four domestic LED manufacturers to float an Indian joint venture, according to a report appearing in the Economic Times.
It will hold will hold a majority stake in the joint venture to be named Lighting Science India. The company confirmed its intention to leverage existing retail network and manufacturing lines of its Indian partner.
LEDs are thought to be the most environmentally-friendly lighting method available, according to one design company.
Eva Hammerson, head of design at Kandabi, explained that LEDs can be used in homes and offices to deliver different kinds of lighting features.
"According to the Energy Saving Trust, LEDs use only ten per cent power compared to a standard incandescent bulb, whereas compact fluorescent lamps use 20 per cent and energy saving halogen lamps 70 per cent," she remarked.
"When it comes to LEDs the possibilities, potential and applications are endless."
Posted by Andre Dixon
