According to the Electric Lamp and Component Manufacturers Association (ELCOMA), the Indian government's initiative could help promote the industry to reach a size of Rs 20,000 crore by 2020, from its size of Rs 4,000 crore in 2014. So that lots of LED light manufacturers are looking to cash in on the opportunity arising out of the new government's initiative to push usage of the energy-saving bulbs.
As per the ELCOMA vision, this has been driven by government initiatives of phasing out inefficient lighting sources such as incandescent bulb, tubes and halogen lamps. Although nearly 40% of Indian lighting manufacturing has been changed to LED, the government expects this transition to be faster in 2015.
This programme will help consumers make the shift to LED lighting and for them to realize the benefits and power of LED lighting. Apart from promoting LED bulbs for indoor lighting, the government has decided to change all streetlights and lights in public spaces to LED lights and initiated making all LED specifications. The growing demand would also give push to make-in-India' initiative.