Taiwan-based NuLight Corporation plans to invest $200 million on setting up a light emitting diode (LED) manufacturing unit in Odisha
Electronics, Invest Bhubaneswar December 20th. 2010, 12:38pmFollowing is an excerpt from a report in Business Standard on this.
Taiwan-based NuLight Corporation plans to invest $200 million (around Rs 900 crore) on setting up a light emitting diode (LED) manufacturing unit in the state. The unit will manufacture LED street lamps and household bulbs.
“Initially, we will invest $10 million and later scale it up to $900 million on the LED manufacturing unit in the state. Orissa as well as India has a vast market for LED street lamps and household bulbs. It will be cost-effective and energy-efficient”, S S Lin, chairman of NuLight Corporation said at a press meet held on the occasion of ‘Invest Bhubaneswar-Orissa Symposium’.
The company also intends to set up an R&D (Research and Development) centre in the state on LED systems. Lin claimed that LED lighting systems can bring down power consumption by 70-80 per cent.
Daniel Lin, director, NuLight Corporation said, “We also have plans to build a green township in the state but details have not been finalized.”
Following is a excerpt from a report in Orissadiary.
Another senior functionary from Nulight Corporation said that his company is exploring the possibilities to invest and transfer technology to make Bhubaneswar a green city. “We are talking with Indian players to work together on this project.” he said.
This is wonderful news for several reasons. The Odisha government should help in speedy establishment of this and not make any hype about it. The reason this is wonderful is:
- Taiwan is a country of business owners.
- Taiwan invests a huge amount in China and other asian countries.
- Taiwan is a leader in electronics manufacturing and is earning names in semiconductor manufacturing.
- While there are IT hubs, auto hubs, etc. in India, India still does not have an electronic hub. So if Odisha plays it right it could go from one Taiwaneese electronics company to many and distinguish itself. It needs to be vigilant on the environmental aspects from day 1.
To read more about Taiwan check out this article in moneyweek. Following is an excerpt.
Taiwanese companies such as semiconductor foundry TSMC design and make many of the most advanced components that go into modern electronics. And increasingly, firms such as HTC, Acer and Asus are taking the next step up the value chain and establishing themselves as consumer brands in their own right.
December 21st, 2010 at 12:22 am
Its a great news.Odisha should not be leaving such oppurtunity to get such kind of industries in state as might be it is that kind of first manufacturing unit in Odisha.Even presence of Taiwan based company may give fuel to woo Taiwan based company to Odisha.Now Acer of Taiwan manufactures Laptop, computer all growing very first and in third position in the world for this.And obvious thing such companies would see India as an emerging market.Presence of Taiwan based company may give us to kind of strategy to attract other giant to Odisha.If Odisha Govt. acts foolishly then these things will be remained as dream for ever.
December 21st, 2010 at 5:24 am
I fully agree with Dipti. Govt do everything to grab this oppertunity.
December 30th, 2010 at 11:46 am
Oppurtunity or Oppertunity, Orissa must green its Capital City.