Havells working on wireless lighting for smart city projects

Q: Country's leading electrical goods maker Havells India is working on wireless lighting solutions for smart city projects.

Dayananda, Mumbai

16th September 2015

Real estate News in Mumbai

real estate

sez

smart city project

havells india

anil rai gupta

promptec renewable energy solutions

m-sips scheme

modified special incentive package scheme

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Replies (4)

Hi Aloke,
Currently, company is not in mood to open any export oriented unit as their export are about 8-10% of their overall business. They will get more benefit from joint manufacturing facilities as cost advantages is much better.

Jay, Delhi-NCR

18th September 2015

Comment

Hi,
Was comany planning to open any export riented unit in any of the SEZs?

Aloke Kumar Singh, Greater Noida

17th September 2015

Comment

Hey Bhaskar!!!
Whether the company would go solo or form any joint venture to bid for the projects. Whether it will be sourced directly by the government or it would be the individual owners, who would be the leader?

Sekhar, Noida

16th September 2015

Comment

Hi Sekhar,
It will depend on the nature of tenders. On the M-SIPS scheme (modified special incentive package scheme), CMD Anil Rai Gupta told that the programme has been extended by the government by another 5 yrs and it will help further boost manufacturing in the electronics sector.

Bhaskar Chandavarkar, Pune

16th September 2015

Right Bhaskar,
The Modified Special Incentive Package Scheme provides subsidy for investments in capital expenditure which is 20% for investments in special economic zones and 25% in non-SEZs. It also provides for compensation of countervailing duty or excise for capital equipment for the non-SEZ units.

Sekhar, Noida

16th September 2015

It is really a good news for the company that they are going to be apart of government's ambitious programme to develop 100 smart cities. India's leading electrical goods maker Havells will work on wireless lighting solutions. They are already developing technologies where the street lights could communicate. There would be chip or wireless communication in those. They already have those models.

Nadeem, Bangalore

16th September 2015

Comment

Yes, they are going to develop Smart City lighting to be wirelessly wired and communicate with each other and also in home automation.

Havells, a USD 1.4 billion company, received a majority stake in Bangalore-based LED and solar light manufacturer Promptec Renewable Energy Solutions this year.

Bhaskar Chandavarkar, Pune

16th September 2015