Budget reactions from M V Ramana Rao - Chairman & MD, MIC Electronics .
"Being one of the quickest to save power, LED lighting can reduce dependence on fossil fuels to a large extent. LED lighting is also the fastest way to virtual power generation by saving existing usage. The fiscal incentives will go a long way in making these high tech systems acceptable by users.
The LED lantern is the only lighting system which is affordable to people denied access to grid power. Any small incentive from Govt will make their affordability and penetration levels better.
These steps are certainly steps in right direction but much more needs to be done to bring this New Technology to affordable levels."
