Philips Lighting is betting big on connected lighting solutions — required for smart homes and smart cities — that are being developed by the government.
The company is eyeing the lighting projects for these cities and has successfully bid for two of them.
Besides, the company is sensing good opportunity in the light-emitting diode (LED) based lights segment and is working with stakeholders.
Philips Lighting CMO & Head of Strategy Bill Bien told PTI that lighting is the first and foremost application of a smart city. Out of the smart cities in India, a fair number of them have got in engagement with companies like Philips for lighting.
India is one of the important markets for Philips Lighting and the company expects more avenues and opportunities in future as the economy grows, he added. The company presently exports to over 24 countries from India, and is also looking at India to be a major centre to roll out new innovative products.