After Prime Minister Modi came to power, Andhra Pradesh (known as the “Shenzhen Special Zone†in the Bay of Bengal) has now become an ideal investment destination.
At present, the state’s chief minister, N. Chandrababu Naidu, is not only a political ally of Prime Minister Modi. (It is not difficult to explain why Foxconn’s Indian factory settled in Andhra Pradesh)
India has a large population base and strong consumer demand. The government continues to increase its support for new energy. In the foreseeable future, India will realize the localization of LED lighting sources. (China, Taiwan and other companies set up factories in India and also count on localization. Manufacturing), from the importing country to the exporting country, resulting in China's meager profits on LED light source products will be further squeezed.
Therefore, Chinese LED lighting companies must rely on the current technology reserves and talent reserves, more to turn to the research and production of LED lighting products, consolidate the market position, and prepare for the next lighting products PK.
LED industry investment threshold
India's LED market has become one of the fastest growing industries due to falling prices, continued government incentives and growing concerns about energy efficiency. Although India has a large import volume, Indians are also working hard to develop local manufacturing and further share the cake.
Among the Indian LED manufacturers, De Core Semiconductor Co., Ltd. is the only LED semiconductor device manufacturer with LED wafer factory in India. De Core has the infrastructure to produce GaN/InGaN based on high-brightness LED chips, so India does not have to import these products in the future.
There are other manufacturers in India such as Baja Electric, Fiem Industries and General Electric, which produce decorative lights, spotlights, Led landing lights, automotive lighting and signaling equipment.
However, the problem in India is that it has a huge trade deficit with China in LED products; currently, India imports LED products worth $2 billion from China, while the value of products exported to China is only 2.4 million.
In the past, India’s FDI policy has been fairly liberal. The government now allows 100% foreign direct investment under the automated channel of the electronic equipment system design and manufacturing department, which belongs to the department and is governed by all applicable regulations and laws.
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LED to India has obvious tariff advantages
Like other countries in the world, India is also a country with strict imports and relatively loose exports. With the rise of human resources and business operating costs in China's Yangtze River Delta and Pearl River Delta economic belts, the “super cost-effective†demand pursued by India and other markets cannot be met.
India's domestic raw material supply has not formed an industrial chain. Therefore, India has established a number of LED manufacturing plants, mainly engaged in the assembly and processing of LED lamps and light sources. Raw materials and semi-finished products are almost all imported from China.
In recent years, the trade of “SKD and CKD†to India has become popular. This type of trade is mainly concentrated in "bulb lamps, T5 integration and T8 lamps", because such light source products have a small number of components, a large number of general materials, and a highly replaceable device.
In order to indirectly protect domestic manufacturing, India has set some standards to limit the import of LED products. Since 2000, the Indian Bureau of Standards has been preparing a foreign producer product certification program. Under the program, the Indian Bureau of Standards can grant a license to the Indian Bureau of Standards certification mark to products conforming to Indian standards, which is called a standard mark.
In terms of import tariffs, the tariffs on the entire set of products and parts are also different. The tariff on imported LED products is higher than that of imported parts and assembled in India. In this way, more people will have the incentive to develop Indian LED manufacturing.
Tariff comparison table:
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As can be clearly seen from the above figure, there is a clear tariff advantage in assembly in India.
India, a "opening" nation
Compared to the dogmatic technology products of the US and Europe, the single products of Australia and Brazil, only the types and quantities of products in the Chinese and Indian markets are very large, so as a practitioner in the lighting industry, there is no reason not to pay attention.
I believe that friends who have been Indian customers are deeply touched. Even if you quote him the cost price, he still says "High, very high price", which is super cost-effective and is a common law in the Indian market.
Because the premise of certification is based on the central idea of ​​“super cost-effectiveâ€. Therefore, the Indian market is not like the United States. Everyone uses the best materials, the best craftsmanship, and the best optical design. The Indian market emphasizes the design principle of “as long as the muscles don’t fatâ€.
For India, China is a mirror, they are experiencing, we have all experienced, they have not experienced, we are experiencing, our help can make India less detours, India's development, it is possible to solve Our dilemma. In a sense, Indian manufacturing and Chinese manufacturing are mutual antidote.
But for the foreseeable future, India is very likely to become the biggest competitor in China's lighting products.
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