Industry News

French lighting company banking on Indian Maharajas for their business in India

India: The French company wants to establish their market for designer lighting products in India, by banking on the likes of maharajas as their clientele. The French company works for bespoke client all across the world, with Bollywood celebrities like Shah Rukh Khan included in its list.

The company is also working on restoration projects like the Laxmi Vilas palace in Vadodara. The company took up the project about one and a half years ago. The Chinese market may be big and easy for them, but in order to expand their business, they need to increase their value by reaching out to the prospects here.

According to TechSci research, the people nowadays want to invest more on furnishing their houses and assets and Mathieu Lustrierie provides the perfect products and services to such people. The company is also working with architects like Ambrish Arora and designer Tarun Tahiliani in India. With the advent of modular homes, people will drive move towards designer based orientation, making their houses look more good and match their style views accordingly.

According to a report published by TechSci Research,India Lighting Fixture Market Forecast & Opportunities, 2018” the lighting fixture market in India is expected to grow at the CAGR of 17% during 2013-2018. The market for lighting fixtures in India is witnessing an influx of energy efficient products such as green lighting luminaries. The increasing focus towards energy efficiency is pushing the demand for energy efficient lighting across the country. The increasing emphasis towards solar lighting, particularly for outdoor lighting purposes is also contributing to the market growth. The market for lighting fixture products in India is driven by the construction and infrastructure market. In addition, rising disposable income of the middle income population and increasing number of high earning income group will drive the market for high end designer lighting fixtures. Industry players are witnessing high volume sales of designer lighting fixtures from urban households and are constantly focusing on development and introduction of newer variants of consumer, outdoor and decorative lighting fixtures.