MIC Celebrates Silver Jubilee, Expands LED Capacity

MIC Celebrates Silver Jubilee, Expands LED Capacity

Hyderabad-based MIC Electronics recently celebrated 25-years of operations by inaugurating a new production centre for LED-based lighting products. The 60,000sft centre, added to its facility at Cherlapally near Hyderabad, was inaugurated by Kazuto Miyazaki, managing director of Nichia Corporation, Japan. MIC also announced an investment of 180 crore on a separate lighting division at Shamshabad, a suburb located on the outskirts of Hyderabad.

According to Dr M V Ramana Rao, chairman and managing director of MIC Electronics Ltd, the new facility, for which land has already been obtained, will help the company to substantially enhance its production capacity for grid-based, offgrid-based and solar-powered lighting products and consolidate its position as a leading player in the country. “The encouragement being provided by the Government of India for promoting LED lighting products has given confidence to the company to go in for large scale expansion of its lighting products,” he said.

The company also released an all-in-one solar-powered streetlight for use in rural areas. The light has a built-in power pack and an integral solar panel, and facilitates easy installation and use. This will help the company to contribute to the government’s Jawaharlal Nehru National Solar Mission, which targets deployment of two crore rural lighting systems by 2022.

“MIC’s commitment to develop products relevant to the rural population of the country has made the company lay special emphasis on solar-powered lighting products, which are needed by the people living in rural parts and mountainous terrains, and those deprived of access to grid-based power. MIC’s solar-powered portable lights, fixed home lights and street lights will be ideal for providing distributed and decentralised lighting solutions to underdeveloped areas,” he added.

According to Rao, MIC is poised to benefit from the large business opportunities foreseen in LED-based lighting and display segments and is expected to register sales of 500 crore. MIC also made its presence felt at the recently concluded LED Expo in New Delhi, where it had displayed a range of its solar-powered, LED-based lighting products. Also on the display were LED lanterns, for which the company has a collaboration with oil and gas major Indian Oil Corporation, to develop and market them through select Indian Oil retail outlets. The tie-up also includes development of more sustainable products relevant to India.

Posted in: Electrical Market News