NTL, Lemnis form venture

NTL Electronics India, the Rs. 500-crore lighting electronics major, has announced its joint venture with Lemnis Lighting, the Netherlands, to design, produce and sell energy-efficient, LED lighting systems for India as well as the global audience. Both companies will initially invest Rs. 40 crore in the joint venture. NTL Lemnis will exploit the global design, production and distribution strengths of both the parent companies to deliver innovative solutions for home and commercial lighting globally. The joint venture will look at producing the complete range of energy-efficient LED lighting products under the umbrella of the acclaimed Lemnis brand, Pharox, globally. The NTL Lemnis production facility will have an initial installed capacity of 5 million products per annum, says a company release. Keywords: NTL Electronics India, Lemnis Lighting