Build a Smart Nation
As a rapidly urbanising India moves towards the status of ‘24×7 affordable power for all’, the Rs 16,000-crore lighting industry (ELCOMA, Jan-Dec 2014) is being presented with a plethora of growth opportunities. However, the paradigm of energy-efficiency will require the industry to develop new business strategies, technologies and partnerships.
Lighting is a significant infrastructure pillar of the nation due to its ability to impact the economy, social fabric, and individual lifestyle. No wonder it is a key element of the government’s nation building exercises (DELP, SLNP). The integration of information & communication technology and the emergent concept of service is already making lighting an integral part of everything that is smart. The lighting industry cannot but don the hat of ‘builder of a smart nation’.
Business of Lighting Conference, the lighting industry’s annual business strategy event, presents the most significant opportunities that lie ahead of us. It also provides clues to the strategies that need to be implemented and the business models that will prove most effective.
Keeping in line with the theme – Build a Smart Nation – Business of Lighting will analyse the following opportunities:
Smart Cities - the Smart Cities programme is encouraging manufacturers to develop solutions that can bundle services with light. An investment of Rs 48,000 crore has been allocated by the government for the initial 5-year period in the planned 100 smart cities. The first set of 20 smart cities has already commenced preparing proposals.
Street Lighting – 3.5 crore conventional streetlights are to be replaced by 2019 under the Street Light National Programme (SLNP), to save an annual 9,000 million units of electricity. New financial models are needed that will enable urban local bodies to transition to energy efficient technologies with minimum capital outlays.
Infrastructure – Two-thirds of the country’s building infrastructure is still to come up, and the existing infrastructure is ripe for retrofitting with energy efficient solutions. While the government’s intent is to rapidly build infrastructure – transport, healthcare, education, power, etc – that will give the economy a boost, the private sector is committed to creating real estate that is sustainable and predicated on affordability.