GET Stock QuotesNews18 APP
News18 English
»
1-min read

76 Percent of LED Bulbs in the Country are Spurious, Says Survey

The report, based on a study of 200 electrical retail outlets across major cities like Mumbai, Hyderabad, Ahmedabad and New Delhi in July, found the LED products to be spurious and riskier, with the highest number of violations in the national capital.

Reuters

Updated:October 30, 2017, 5:00 PM IST
facebookTwittergoogleskypewhatsapp
76 Percent of LED Bulbs in the Country are Spurious, Says Survey
Representative image. Photo: Reuters
Loading...
New Delhi: Three-fourths of light emitting diode (LED) bulbs sold in India's $1 billion market were found non-compliant with government's consumer safety standards, market research firm Nielsen said in a survey on Monday.

The report, based on a study of 200 electrical retail outlets across major cities like Mumbai, Hyderabad, Ahmedabad and New Delhi in July, found the products to be spurious and riskier, with the highest number of violations in the national capital.

"The spurious and non-branded LED products are a serious threat to not just the organised and compliant market players but also to the government's key programs like Make in India," the report said, referring to the government's programme to set up more manufacturing units in the country.

In August, the Bureau of Indian Standards (BIS) had ordered LED makers to register their products with BIS for safety checks, in a market where smuggling of Chinese products is rampant.

India is tightening quality controls for consumer and capital goods, officials say, a move that follows calls to curb cheap imports from China amid diplomatic tensions between the world's two most populous nations over their shared border.

"They (spurious products) also impact government's tax revenue collections...defeat investment objectives and go against the 'ease of doing' business philosophy," it said.

The findings showed that 48 percent of LED bulb brands had no mention of manufacturer's address and 31 percent did not have a manufacturer's name.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,101.30 -4.34
Indiabulls Hsg 653.80 -17.10
Dewan Housing 210.55 -10.75
Yes Bank 217.90 -6.04
Bajaj Finance 2,140.50 -0.47
Company Price Change %Gain
Sudarshan Chem 385.05 2.64
Indiabulls Hsg 654.25 -17.06
Reliance 1,101.65 -4.11
Dewan Housing 211.80 -10.37
Yes Bank 217.70 -6.06
Top Gainers
Company Price Change %Gain
HPCL 215.90 4.15
Sun Pharma 609.95 2.78
Kotak Mahindra 1,198.95 1.95
Bharti Infratel 264.45 1.71
Vedanta 211.10 1.51
Company Price Change %Gain
Sun Pharma 608.40 2.52
Kotak Mahindra 1,199.55 1.83
Vedanta 211.15 1.51
HUL 1,579.20 1.16
ITC 288.45 0.73
Top Losers
Company Price Change %Gain
Indiabulls Hsg 653.80 -17.10
HCL Tech 958.50 -6.42
Yes Bank 217.90 -6.04
HDFC 1,660.25 -4.46
Reliance 1,101.30 -4.34
Company Price Change %Gain
Yes Bank 217.70 -6.06
HDFC 1,661.30 -4.32
Reliance 1,101.65 -4.11
Hero Motocorp 2,711.00 -3.70
Infosys 682.60 -3.11

Live TV

Loading...
Loading...