Recently, NTL Electronics India Limited, the Rs. 550 Cr (US$ 110 million) Lighting Electronics major from India, has announced sales of 2.19 million LED lamps for the annual year 2011-2012. According to the company, the sales came in not from a whole year of operation but from manufacturing LED bulbs for 9 months during the period. The LED market is expected to grow manifold over years, so the growth for NTL Electronics is also going to be exponential. Therefore, the company garnered over 5% of the total sales of LED lamps globally. NTL Electronics has also entered into a JV with Lemnis Lighting, the global LED major from The Netherlands, to design, produce and sell energy efficient, LED lighting solutions for India and the global market. Source: LEDinside
Source:
http://www.ledinside.com/node/15329
