Signify Innovations expecting good growth in solar lights segment ahead

Signify Innovations India, earlier known as Philips Lighting India, is expecting good opportunity in the solar lights segment going forward, not only from the rural market but also from the urban market, said a top company official.

Signify Innovations India, which has reported a turnover of Rs 3,500 crore in the previous financial year, expects to continue its growth momentum in the fast-growing lighting market with a double-digit growth.

Besides, the company, which is shifting towards smart lights solutions globally, aims that by 2022, all LED lighting products sold by it would be connectable to smart devices.

“We have committed that by 2022, all our light would be connectable (with smart devices). Whether it’s home light, solar light, office light, we would make it connectable. The way products would be designed, if you want to get connected,” Signify Innovations India Chief Executive Officer Sumit Padmakar Joshi told PTI.