Philips will export solar LED street lights made in India to neighbouring nations within next one year.
The company's Indian arm, Philips Electronics India, is currently executing a project for installing 19,000 solar LED street lights in Tamil Nadu in association with Tata Power Solar and Su-kam.
According to Philips Electronics India President (Lighting India) Nirupam Sahay ,the company has designed and developed the technology at its R&D centre at Noida keeping in mind the rural market, which has a big potential as electrification has not yet touched large number of villages across the country.
"We are just executing about 19,000 such street lights in Tamil Nadu and we are talking to more state governments on this front. These lights have big scope in cities also," he said.
"The entire Indian lighting market is estimated to be Rs 9,000 crore and we enjoy 30 per cent share of it. We are in the premium segment," Sahay said.