NEW DELHI, INDIA: The Delhi government has come up with a power tariff hike by 20 per cent, which brings smile to LED technology makers. As the Delhi Assembly debates on revised tariff, Dixon Technologies has today forged a partnership with US-based LightingScience Group to introduce innovative LED technology products in the Indian market.

Amidst power constraints and soaring energy price, both the companies see phenomenal opportunity in the LED technology domain with imperatives like significant power saving and long life. They have also unveiled a range of ultra-efficient LED lighting products on the occasion.

Through this strategic collaboration, Dixon will offer manufacturing and distribution services for LightingScience which designs and develops LED technology-based solutions.

Greg Horn, chief global trade officer at LightingScience Group, and author of best selling, 'Living Green' said that electricity is a vital spark of a growing economy. LED technology is more efficient and is made without toxic mercury. Horn said that India has an opportunity to gain momentum in LED technology.

Fred Maxik, founder and CTO, LightingScience Group who authored close to 100 patents, said that there is a need to look at new research and processes. "We can make use of nanotechnology and microprocessors," he said.

As we are moving towards symbiotic forms and transitioning from the legacy environment, the group is bundling solutions for the future, he informed.

"The country has an unprecedented opportunity to leapfrog the rest of the world by becoming an early, large-scale adopter of LED technology," added Maxik.

The LED market is expected to grow to 1,600 crore by 2015 and Rs. 31 lakh crore is the planned spending on a new power capacity between 2012-17. Maxik, however, said that they are committed to take the technology forward, and new applications are emerging that include; biotechnology, biofuels, agriculture and healthcare.

Sunil Vachani, chairman and MD, Dixon Technologies, said that their partnership is poised to reckon in the Indian market as they are deeply committed. "In the emerging markets like India, technology will be a major differentiator," he said.

Dixon will be setting up a manufacturing facility in Noida with an investment of Rs. 50 crore. The company also intends to set up a facility in the proposed government's cluster for lighting products. It got investment from private equity, Motilal Oswal.

Atull B Lall, DMD at LightingsScience said that they have collaborated to bring a revolutionary technology in the lighting space. Lall informed that LighingScience has an R&D team that include research scientists and engineers. "We have a deep technology expertise with more than 120 patents,"he added.

We are leveraging technology depth from LightingScience in the Indian market which will be a key differentiator, the company added