Chennai-based Clair Technology (India) is planning to apply for carbon credits for its compact fluorescent lamps (CFL) and luminaries business. Having launched a range of CFL products this year, the lighting solutions company will expanding its CFL business by setting up a manufacturing facility near Ahmedabad in Gujarat. Currently, the company runs a facility from Solan in Himachal Pradesh. "We are looking to tie up with state governments and other agencies. Such tie-ups will help us earn some carbon credits for which we need to appoint some consulting agencies soon," said Subodh Jain, director of Clair Technology (India). Of the total corpus of Rs 25 crore assigned for the year, Clair plans to invest Rs 10 crore for the Gujarat plant to manufacture around one million pieces of CFL per month, amounting to sales over Rs 6 crore. In the first year of its operations, the company expects a turnover of Rs 70 crore and plans to double it by next financial year, said Jain. Jain added that while the Solan facility will be manufacturing ancillary products like street lights and fans, the Gujarat plant will focus on CFL and other lighting solutions. The company also intends to set up a third unit in Chennai to manufacture miniature circuit breakers (MCBs) and switches. Moreover, through its offices in Hong Kong and Singapore, Clair is hoping to enter into technological tie-ups for outsourcing lighting solutions. "We are exploring talks with companies in Germany and Japan," added Jain.
