Opple Lighting, a global integrated lighting solutions company, debuted at Light India 2014 and showcased a whole range of LED solutions for professional and consumer lighting, marking its entrance into the Indian market.

The lighting industry currently stands at Rs12,000 crores ($74.3 million) in India, growing at a pace of 17 to 18 per cent. The noticeable segment growing at a rapid pace within this is LED lighting, clocking in growth at about 41.5 per cent as per Electric Lamp and Component Manufacturers Association of India (Elcoma).

India, being at the cusp of a transition from CFL to LED lighting, provides a perfect base for LED solution makers to capitalise on the opportunity, said a statement.

Xiuhui Ma, CEO, Opple, said: “We are really excited to step into the Indian market, aiming to offer international quality at affordable prices, backed by state-of-the-art technology. Our strong understanding of the industry, keen insights into regional preferences will help us build awareness amongst consumers and drive demand for quality LEDs lighting solutions in the region.”

S Venkataramani, chairman, Opple Lighting India, said: “Opple will play a defining role in ushering in the LED transformation in the country. Our strong technology and R&D investments will allow us to cater to markets with speed and ease. We believe India is potentially a $500 million LED market by 2017 and we are poised to harness this opportunity. With an initial investment of INR600 million ($9.8 million), Opple will roll out 30 large format exclusive brand stores across the top 30 cities in India in next three years.” – TradeArabia News Service