Sujana Energy Limited, a subsidiary of the city-based Sujana Group, today entered into a strategic partnership with Japanese company Nichia Corporation, so they could jointly explore opportunities in the field of LED lighting and display.
As part of the partnership, the two firms will collaborate on compatible capabilities that can be applied to produce competitive products.
"Renewable energy is the focus area for the Sujana Group and I am sure that this partnership, where two large corporations come together, is a sign of commitment towards making latest technology products that are applicable and affordable to consumers," Y S Chowdary, chairman, Sujana Group, said.
Nichia Corporation is the largest supplier of white LEDs in the world. While Nichia offers many products and technologies that can be adapted to Indian conditions, Sujana Energy is strong in research and development with a strong understanding of the needs of the consumers here.
The two companies make for an ideal partnership aimed at developing products designed for a variety of uses, Sujana officials said.
"The demand for LEDs is almost limitless worldwide. Although competition is extremely high in the Indian market, I believe that this collaboration between Sujana and Nichia will be a breakthrough for expanding LED lighting and display," said Makoto Takenaka, MD of Nichia Chemical Pte Ltd.
