To serve as a single platform to address the issues of the growing industry and to make people aware of the future lighting technology, Indian LED manufacturers have joined force with M V Ramana Rao, chairman and managing director of MIC Electronics Ltd as its president to set up LED products Manufacturers Association (LEDMA).
It said that the industry has boasted a collective turnover of about Rs. 5,000 crores in India, so LEDMA hope to draw the attention of the Government and public to strengthen and develop the LED industry.
In addition, LEDMA also aims to draw the Government's attention towards subsidy for LED lighting products and hopes to help waive-off of taxes as in the case of solar products in the country.
A constitutional body has been formed under the Andhra Pradesh Societies Registration Act, 2001 in Hyderabad and the association plans to build its zonal presence in the future. About 50 manufacturers attended the first meeting.