Indian LED market is optimistic on on high adoption ratio III

<< Go Back Posted By:administrator on May 05,2015in Industry News

Manufacture and supply of low-cost and low-quality LED products in the market is an issue which will be addressed with Compulsory Registration Order (CRO), a scheme initiated by the Department of Electronics and Information Technology (DeiTY), falling under the Union ministry of Information Technology and Communications.

Many unorganised players are also manufacturing and supplying low cost and sub-standard quality LED products in the market. However, with CRO scheme of DeiTY becoming operational from May 7th onwards, this will also be curbed. Additionally, Bureau of Indian Standards (BIS) is considering to make the BIS mark mandatory for LED bulbs from 1 watt to 26 watts very soon.

India LED manufacturers expect the Union government to reduce custom duty and excise duty on LEDs and state governments to harmonise Value Added Tax (VAT) to 5%.