MIC Electronics to enter LED lighting mart

MIC Electronics, makers of the light emitting diode (LED) display systems, is planning to venture into the LED lighting business by 2008.

The company has submitted a tender to the Railways to set up LED lighting and display systems on 20,000 bogies by the end of the year.

The tender is in response to the Railways' bid to set up big screens on platforms and also set up better lighting systems on 1.2 lakh bogies in the next three years.

The company would be the first player in India to venture into the LED-lighting business.

"LED lighting is a new concept and has caught on in North America and Europe. The LED lighting market is expected to grow by 20 per cent since the efficacy of a power LED, measured in lumens per watt is 20-30 which is much greater than incandescent light sources," said M V Ramana Rao, MD and CEO, MIC Electronics.

The LED lighting is expected to cater to companies dealing in automotive and aircraft cabin lighting, instrument panel lighting, architectural emergency exit lighting, colour effect lighting, industrial and outdoor lighting, traffic and railway signals, automotive brake lights, dot matrix signs and video displays, LCD display backlighting and personal flashlights.

After picking up a 50.01 per cent stake in the US-based InfoStep, MIC Electronics will acquire the remaining 49 per cent stake this year. For this, it has decided to enter the capital market.