When the whole world awakes into the consciousness of producing energy efficient devices and equipments, manufacturing LED decorative lights could be doable business option for many. The business requires setting up a small manufacturing unit and for that one does not need very high-end machines.
 |
Is this for me
Good product knowledge along with good knowledge of physics, geometry helps. In addition, people with technological bent of mind with an inclination to research and development can come to explore the business opportunity.
Insight
"Hurdle named finance can be easily overcome by hard work. Hard work has no substitute," Rajesh Purohit, Lucifer Lights.
How it was done
Rajesh Purohit, Owner and CEO of Lucifer Lights noticed LED has a vast potential in India due to power shortage and high electricity costs. LED for domestic lighting is a hot business area. To tap this potential market of energy efficient lights, Rajesh brought Lucifer Lights into existence in 2008. The product can be used for lighting up homes and offices. The product is a cluster of LEDs and the fixtures are manufactured with reflectors required to hold this cluster and illuminate an area. In terms of energy efficiency, the product consumes 75% less power than CFLs, and 90% less power than incandescent lamps.
Investment - Rs 10 Lakh
Avg. Break even - 3 years
Margin - 15%
| < Prev | Next > |
|---|
