Rendezvous

The Radical Path to Being Future Ready

Homegrown electrical major Bajaj Electricals Ltd is aggressively preparing for the next level of growth. It is making strategic moves by embracing technology, bringing a radical change in distribution, and being skeptical (not cynical) about some emerging trends. The Rs 4,612 crore company’s chairman and managing director Shekhar Bajaj minces no words as he spells out his game plan.
 

 

Relight

Changing the Way Fashion Retailers do Business

Online shopping is rapidly eroding footfalls and retailers are under pressure to rethink the role of their physical stores. They have to create experiences and increase touch-points to pull customers into their stores.

When it comes to fashion retailing, it’s about bringing out the emotion that retailers want to associate with their brands. Forward looking retailers often have clear views about the way lighting will contribute to the overall feel of their stores.

Venture Capital

Where’s the Money Going!

Smart Grid, Battery Storage and Energy Efficiency companies raised $102 million in venture capital funding (including private equity and corporate venture capital) in Q3 2016, says global clean energy communications and consulting firm Mercom Capital Group

INTELECT, DISTRIBUELEC to Focus on Intelligent Electricity

January 20, 2017: The domestic electricity sector is transforming, by converging Electrical Operational Technology (OT) and Information Technology (IT) to bring together energy, automation, communication and software & analytics for delivering a greater intelligence, predictability, efficiency, reliability, sustainability and safety in the sector. To be able to uncover the emerging business opportunities, the country’s apex industry body for the sector - Indian Electrical & Electronics Manufacturers’ Association (IEEMA) – is organising an exhibition-cum-conference INTELECT 2017 & DISTRIBUELEC on January 23–25 at India Expo Centre in Greater Noida, Delhi-NCR, featuring smart electricity applications, technologies and systems for efficient use of electricity, all under one roof.

World’s Largest Streetlight Replacement Programne Launched in Delhi

January 20, 2017: Union Minister of Power, Coal, New & Renewable Energy and Mines, Piyush Goyal has unveiled the world’s largest streetlight replacement programne in the South Delhi Municipal Corporation (SDMC) area. The LED-based Street Lighting National Programme (SNLP), currently running in the area, replaces two lakh streetlights to save 2.65 crore kWh cumulative annual energy, avoiding a capacity addition of 6.6 MW and reducing 22,000 tonnes of greenhouse gases daily.

Usha Bags National Energy Conservation Award

January 20, 2017: Consumer durable major Usha International, has been awarded the National Energy Conservation Awards 2016. The company has been recognised for its contribution in the BEE star-labelled fan category. It has won the award the third time, the company says.

Luminous Unveils Wall-mounted Power Backup

January 20, 2017: Luminous Power Technologies Pvt Ltd has launched a wall-mounted power back-up system ‘Regalia’. The product uses latest in-built lithium ion battery technology with a battery life spanning 10 years. It has the option to be charged with regular mains supply or through solar panels by harnessing abundant solar energy. The system is equipped with fast charging technology that charges the battery completely in two to three hours. It enables users to stay connected using Wi-Fi to access information and diagnostics via their smartphones. Also, it eliminates the risk of accidental contact by doing away with wires and terminals, and includes an in-built safety mechanism to protect appliances from voltage surges and short circuits.

Leadership | Retail Identity

“At Our Lighting Stores, it’s About Providing Experiences”

Barely two years into the lighting business, Usha International’s premium decorative lighting brand, Tisva, has been able to create a unique retail identity in the organised space. The company has aggressively rolled out 11 Tisva lighting studios in strategically located high-footfall areas in 11 cities via the franchise route. Vikas Gandhi, business head & VP-lighting at Tisva, talks about the standout elements of the brand’s stores.
 

 

Leadership | Skilling

Building a Cadre of Lighting Professionals

The initiative of the government to develop smart cities has led to a push for smart solutions for energy saving vis-à-vis adoption of eco-friendly measures to save the environment. Consequently, usage of energy-efficient products such as LED lighting is expected to grow in the coming years. Moreover, rising government support and introduction of innovative LED lighting products by manufacturers has resulted in a reduction in prices of these products, thereby offering consumers with more options to choose from. The current scenario and the growth rate of the Indian lighting industry, specifically LED Industry, is visible from the following table.

Relight | Round Table

Turning Store into Stories

A roundtable on ‘turning store into stories’ shed light on how lighting can help design a compelling in-store and brand experience and transform shopping into an event, in an age when the physical store is having to compete with online avatars.

Relight | Interview

“We aim to transform the retail landscape”

Lighting enhances retail spaces in ways that help create an engaging experience for shoppers, and vast opportunities for stores and brands that are eyeing to connect with their customers. This means lighting has emerged as a competitive weapon for retailers who want to differentiate themselves from peers, offline as well online. Besides, it helps them reduce operational costs by making their stores sustainable and energy-efficient. This understanding is being brought to the domestic turf by lighting major Philips. Its vice chairman and managing director Harshavardhan Chitale talks about the company’s leadership in the retail landscape.
 

Relight | Expert Talk

Weave a Storyline!

Lighting expert Sudeshna Mukhopadhyay, who is senior director at Philips Lighting, believes that lighting in fashion stores needs to be dynamic. It should respond to the merchandise, the occasion, to the people around it. And it should have a purpose that goes beyond illumination.

According to Sudeshna, retailers should leverage lighting to weave a storyline for their customers. She advises them to do the following while implementing a strategy to attract, engage, and convert.

Regnant Eyes EE & Renewable Energy Business

Regnant Energy Solutions is set to foray into new business segments based on energy-efficiency (EE) and renewable energy technologies. The solar-based LED lighting company will diversify into the energy storage, electric vehicles, waste-to-energy, and BLDC fans and coolers. The company has factories in Rudrapur, Uttarakhand and Bawana in Delhi.

Turnover to Double at Halonix by 2021

Halonix Technologies Ltd is eyeing a twofold increase in turnover in the next five years on the back of Modi government’s LED push and ‘Make in India’ programme. The Noida-headquatered company is also building up its distribution muscle in the south and north.

Demonitisation | Uncut

Industry Faces Short Term Pain, Hopes for Long Term Gain

On November 8, Prime Minister Narendra Modi announced the withdrawal of legal tender character of the Rs 500 and Rs 1,000 denomination currencies. The scheme, widely been termed as ‘demonitisation’, has been introduced to contain the rising incidence of fake notes and black money according to Reserve Bank of India. But how is it affecting trade, business and the industry? Hear directly from channel partners, industry bodies, manufacturers, realty players, and market research & consulting firms…

LED Expo

LED Expo Gets Stronger, Sharper

The exhibition generated brisk business for suppliers of LED components on the back of the government’s push and heightened awareness for adoption of the new light

The 15th edition of LED Expo, held during 2-4 December, emerged as an ideal sourcing platform for LED lighting components and technologies for private and public players. It drew 10,397 decision makers from real estate, industrial houses, retail, and automotive sectors as well as senior bureaucrats of the Union Government and public sector enterprises. It brought together 270 exhibitors from India, China, Hong Kong, Italy, Japan, South Korea, Singapore, Taiwan, among other countries, said organiser Messe Frankfurt Trade Fairs India.

Execution

Piyush Goyal Announces Decisive Action Plans

Consensus was reached on various important government programmes and an action-plan was finalised with the state ministers during marathon deliberations at the two-day conference of State Power, New & Renewable Energy & Mines ministers, held recently at the inaugural edition of electrical exhibition Switch Global Expo in Vadodara, Gujarat.

Industries, Buildings & Railways save Rs 4,866 cr via Energy Efficiency

The government has said that energy efficiency measures taken during 2015-16 by various private and public sector organisations have saved 7,378 million electricity units equivalent to the energy generated from a 1,352 MW thermal power plant, saving Rs 4,866 crore for the country. These organisations participated in the 2016 National Energy Conservation Awards that recognise effective energy-efficient technologies and practices.

Tisva Opens Lighting Studio in New Delhi

Usha International’s premium home decorative lighting brand Tisva has inaugurated its flagship studio in New Delhi. Spread over 2,500sft on two floors, the lighting studio is located in the city’s Ghitorni area, a shopping hub of interior designers and architects.

The Tisva lighting studio has a customised experience zone which showcases automated lighting concepts such as new age downlighters that work on Bluetooth technology and elyisian lights featuring Japanese technology that creates light in a choice of colour selection from warm white to cool daylight. The distinctive ambience created by this zone will help customers choose the best lighting narrative for their home. Additionally, consumers can also avail lighting consultancy services from experts at the studio, the company said in a press release.

Bullish on Lighting, Orient Electric to Enter LED Street Lighting EPC Biz

Orient Electric is betting big on the burgeoning domestic LED lighting market. It is intensifying its focus on the lamps, tubes, and street lighting project segments by foraying into street lighting EPC business; increasing over three-fold street lighting assembly capacity in next two years; rolling out a plethora of LED, smart and automation solutions, as well as rapidly augmenting distribution network in 100 cities across the country in 2017.

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