NTL Lemnis India Private Limited, a joint venture company of NTL Electronics India and Netherlands based Lemnis Lighting is keen to invest in Gujarat in future. The company has recently started its sales office in the state.
"As Gujarat is fastest growing industrial state in India, NTL Lemnis will set up production unit if we get a chance. We are keen to invest in the state and we will surely explore the possibility for that," said Arun Gupta, Managing Director, NTL Electronics India Limited.
Gupta said that the company's main focus is to develop various LED products so that it can grow our market share in India. "To set up production unit we need investment of ' 20-25 crore and we like to invest such amount in Gujarat," said Gupta.
According to Gupta, currently the company's maximum business comes from overseas market. "Now we want to increase our business in India too. NTL Lemnis is eyeing 5 percent market share in the next five years," he added. NTL Lemnis exports various commercial and residential LED lightning products in Europe and African countries. Total turnover of the company is around ' 675 crore and export share is over 90 percent.
According to the company use of LED is increasing more and more in commercial segment while households are still prefer CFL as it is cheaper then LED lights.
