siliconindia | | June 20198ndia is the fifth leading electricity con-sumer in the world, at the same time it also faces a massive gap in supply & demand. With the growing needs of electricity for households, industrial and agricultural consumers, it is be-coming a major challenge to manage the supply & demand dynamics of the industry. With the recent push by the government to promote renewable energy with an aim to produce 175 GW, a new area of growth has emerged for players in the domain of manufacturing electrical transmission and management equip-ment. At the same time, the world is also moving towards manufacturing energy-efficient appliances, gadgets, elec-tronics and machinery. Another area of challenge for the industry is to develop illumination technology. Today, a massive portion of world's total electricity generation is consumed for illumination purpose alone. This is a major area of concern as the electricity consumption for illumination is continuously in-creasing as the population increases and incomes grow. When there are new challenges there are also inno-vative solutions. One such innovation we have witnessed towards energy con-servation is being led by the LED light-ing technology industry, which has rapidly made tremendous strides towards conservation of energy. According to the latest report by IMARC Group, the Indian LED lighting market was worth $1.5 billion in 2017 By Gautam Seth, Joint Managing Director, HPLA qualified Chartered Accountant with 15 years of experience in the electric equipment manufacturing industry, Gautam is responsible for the overall functioning and management at HPL. Iin my opinionGautam SethLED ILLUMINATION TECHNOLOGY - LEADING THE LIGHTING INDUSTRY TOWARDS THE FUTURE
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