MIC Electronics Limited, a Hyderabad-based manufacturer of LED (light-emitting diode) lighting and display systems, is readying itself to take a plunge into the fast-growing LED lighting retail segment, though in a small way to start with, according to chairman and managing director MV Ramana Rao.

“We are going the fanchisee way and have already roped in city-based Navya Lighting for the same. Our first exclusive outlet, with a floor space of 4,000 sft and involving an investment of Rs 50 lakh, will be rolled out in Hyderabad by the end of this August,” he told Business Standard.

It's heartening to see LED lighting beginning to make a more frequent appearance in consumer lighting applications. A development worth watching!