Lighting Technologies International Group of Companies participated in the 8th Russian-Indian Trade and Investment Forum, which took place on November 5th in New Delhi. This event gathered together a large number of participants from both sides. The Deputy Prime Minister of Russia, Dmitry Rogozin, was one of the spokesmen. He emphasized the importance of integration and cooperation not only on the level of the large investment projects, but also at the level of the medium-sized businesses. In fact, companies such as ours.
During the forum, participants discussed possibilities of the further expansion of bilateral cooperation with the implementation of specific projects, particularly in the manufacturing sector. At the round table session Opportunities and Partnership in Infrastructure, the Strategy and Production Development Director, Mr. Vitaly Bogdanov, presented Lighting Technologies project. In particular, he said: “Why was it decided to open a production factory Lighting Technologies in India? In fact we have had few reasons for that. Local manufacturing gives us an opportunity to minimize the costs. In the present day closeness to the customer becomes an increasingly important competitive advantage. We should also mention the enormous growth of the potential of the Asian market. India is one of the countries to which this statement is fully justified. Growing economy, as part of the active phase of the industrialization, and a favorable competitive situation are the main features of the local market. Development of the industrial areas, providing energy, subsidies – all that support really works”.
And our first luminaires, manufactured in Bangalore, clearly confirmed that our factory manufactures high-quality products. We continue our journey!