It’s reported that Sujana Energy Limited, a subsidiary of the city-based Sujana Group, entered into a strategic partnership with Nichia Corporation of Japan. The two companies will collaborate to produce LED Lighting and Display Products, according to the agreement.
Nichia Corporation is among the largest suppliers of white LEDs in the world, and offers many products and technologies that can be adapted to Indian markets. Sujana Energy reportedly excels at research and development and has a strong understanding of consumer market in India.
The two companies make for an ideal partnership aimed at developing products designed for a variety of uses in the Indian consumer market, Sujana officials indicated. "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.
"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.