Managing Director Plus Light Tech
In Retrospect: 2012
We cater to high end retail in the lifestyle segment; this has been our main forte. We have not been impacted much by the market changes and customer needs in 2012, but we do foresee a slowdown in 2013 due to delay in mall completion timeliness. We have always believed in being at the forefront as far as technology is concerned. Today LED is the need of the hour and we have aggressively dived deep into the development of a reliable LED system and have almost replaced everything required in lifestyle formats with LED's. This has also given us an opportunity to explore hospitality and other sectors.
Arrival of FDI
FDI will definitely give opportunities for foreign brands to invest in India thereby giving ample opportunities for us to grow. Competition for survival for each brand will be tough and on the whole, the consumer will be benefited. Also, the difference between the shopping experience available in India and the West would narrow down which of course is a good sign.
Looking Ahead: 2013
We see a lot of scope. With the growing awareness on green technology in the retail industry; the replacement of metal halides with LED's is something which has now become a need of the hour. Producing high quality sustainable LED system and keeping the price competitive, will be the key for growth.