How the lighting sector is leveraging Make in India for maximum employment and to expand the sector

 

(Mr. Ankur Mehta – Founder and Chairman, Crescent Lighting)

 

The Make in India initiative was launched in 2014 to transform India into a global manufacturing hub. This initiative has not only boosted manufacturing in the country but has also increased employment opportunities for millions of people. The lighting sector is one of the many industries that have been able to leverage the Make in India initiative for maximum employment and expansion in the country. According to a report by ResearchAndMarkets.com, the Indian lighting market is expected to grow at a CAGR of 12.7% during the period of 2021-2026. The demand for energy-efficient lighting products is on the rise due to the increasing need for sustainable development. The government has also been promoting the use of energy-efficient lighting products to reduce the country’s carbon footprint.

 

The Make in India initiative has provided an excellent opportunity for the lighting sector to cater to the growing demand for energy-efficient lighting products. The government has introduced various schemes and incentives to promote the manufacturing of energy-efficient lighting products in the country. These schemes have not only boosted the manufacturing of lighting products but also increased employment opportunities in the sector. According to a report by the Indian LED lighting market, the LED lighting market in India is expected to reach USD 7.5 billion in 2023. This is due to the increasing demand for energy-efficient lighting products in the country. In this article, we will explore how the LED lighting sector is leveraging Make in India for maximum employment and to expand the sector:

 

Increased employment opportunities

The LED lighting sector has greatly benefited from the Make in India initiative’s promotion of local production, which has resulted in the growth of already-existing factories as well as the development of new ones. This has helped to solve the issue of unemployment in the nation by generating a large number of job possibilities for the local workforce.

 

Reduced Dependence on Imports

A significant majority of LED lighting products in India were imported before the “Make in India” effort. The effort has inspired domestic producers to create these products domestically, decreasing the nation’s reliance on imports and increasing the domestic economy.

 

Technological Advancement

Local LED lighting producers now have a platform to create new technologies and products thanks to the Make in India program. This has prompted the development of creative and energy-efficient lighting solutions that are tailored specifically for the Indian market.

 

Increase in the use of LED lighting products

The government has also been promoting the use of LED lighting products in the country. This has led to an increase in demand, which has in turn led to an increase in the manufacturing of LED lighting products in the country.

 

Reduction in the cost of LED lighting products

The increased domestic production of LED lighting products has led to a reduction in their cost, making them more accessible to a wider range of consumers. This has helped to promote the adoption of LED lighting solutions, which are more energy-efficient and environmentally friendly than traditional lighting options.

 

In Conclusion:

The Make in India initiative has provided an excellent opportunity for the lighting sector to cater to the growing demand for energy-efficient lighting products in the country. The government has introduced various schemes and incentives to promote the manufacturing of energy-efficient lighting products in the country. This has not only boosted the manufacturing of lighting products but has also increased employment opportunities in the sector.

 

The availability of labour in the country has attracted many lighting manufacturers to set up their manufacturing units in the country, thereby increasing employment opportunities for the locals. The government’s promotion of energy-efficient lighting products and the use of LED lighting products has not only reduced the carbon footprint of the country but has also made it more affordable for consumers to switch to energy-efficient lighting products. The future of the lighting sector in India looks bright, and it is poised to become a global manufacturing hub for energy-efficient lighting products.