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LEDs in India
LEDs are slowly
finding their way into the Indian market in the form traffic
signal
lightning, LED display panels and other applications. Compared
to the large
potential market, the current market players have yet to take
advantage of the
opportunity. There therefore exists significant scope for
professional and competent
firms to succeed in the market.
For example, MIC Electronics
www.micelectronics.com
has recently raised 500 million Indian rupees for its LED
lighting expansion activities through an IPO, which was over
subscribed several times. THRIVE is extremely well placed to
capture a significant share of the LED home light market (MIC
Electronics do not have a home light product in the market)
given its track record to date.
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