The LED lighting projects being undertaken in several states of India will open up huge business opportunity for the local LED industry. For example, the Andhra Pradesh government has ordered that in the procurement of LED lights, preference will be given to the LED industry in the state.
Replacing domestic incandescent lights and conventional streetlights with LED lights will result in conservation of billion of units of power every year. The total number of streetlights in the country is about 3.5 crore and currently, 99.5 per cent of these lights are conventional lights. If all the lights are replaced with LED lights it will save 50 per cent energy and 5 billion units of power every year. However, it is estimated that it will take five years to replace all the to replace all the incandescent bulbs with LED lights.