THE Indian premium decorative lighting industry is focusing on domestic value addition to replace imports, and expects the localisation level to double from the current stage in the next three years as the demand is on the rise, a senior company official said.
Localisation refers to locally producing or manufacturing components. It is beneficial for a sector as it cuts down the cost of the component or the whole product. The localisation and domestic manufacturing of premium lighting products is now around 20 per cent, which is expected to double in the next three years, said Usha International. President and business head (lighting) Vikas Gandhi.
He explained that the volume did not support complete localisation, but the revival in the market with a boom in the housing and hospitality sectors has encouraged the company to promote local value addition.
Currently, most of the imports are from China, according to the executive, whose company sells its products under the Tisva brand since 2014. “The Government policies are also encouraging for greater local manufacturing. We are empowering and supporting local vendors for greater domestic manufacturing and value addition of premium products,” Gandhi said.
Chandeliers, table lamps, floor lamps, wall lights, and outdoor lights are some of the products in the premium decorative lighting category.