Philips offers INR38 to compete in India LED light bulb procurement

In an open bid for the India government's procurement of LED light bulbs, Philips has quoted as low as INR38 (US$0.57) for a 9W light bulb (equivalent to a 60W incandescent bulb), 30.8% lower than the procurement price of INR54.9 at the last open bid held in March 2016, according to industry sources.

from DIGITIMES: IT news from Asia http://ift.tt/2c75wA1
via Yuichun