HOW TO GET LED LIGHT MANUFACTURING IN 6 MONTHS

LED stands for Light Emitting Diode. LED lights has a huge domestic and export potential due to its popularity. It is one of the fast-growing market segments in India. You can start an LED manufacturing business as a medium or large-scale basis. The business demands a substantial capital investment and is highly profitable. Below are the steps to be followed to start an LED manufacturing plant in India.

· Market Research and Business Plan: Do some market research to identify the specific types of LED lights in demand, the key players in the industry and their marketing strategy. Get machinery quotes and calculate the cost incurred to set up the plant. Finally, chalk out your objectives, mission and vision before you implement your marketing, branding and promotion strategies.

· Cost and Investment: The business demands a substantial investment for setting up the plant and its operation. Think about your funding assistance from banks or financial institutions, while defining your business plan itself.

· Registration and Compliance of the business: Even before you commence your business, you must register your business with a Government authority, based on your management pattern and investment ratio. If you are starting the manufacturing plant with your own capital, then you can register it under your proprietorship. Also, check for the various permissions and licensing factors from the Government agency, according to the location of your business.

· Location: In this business, location plays a major role. It is advisable to start your business in an industrial zone as it provides some advantages for starting medium or large-scale industries. Secure an area of space according to your business size. Also, mark specific spaces for manufacturing operation, storage, packaging and office operation.

· Machinery: LED light manufacturing or assembling is a complex process. You will need to select machines according to the specific type of LED you want to manufacture and the raw materials that you use.

· Manufacturing Technology: You will need to procure manufacturing technology from the reliable sources, as it needs to be sourced based on the specific type of LED. Some Government organizations provide manufacturing technology for a certain amount of fees.

· Manpower: The business demands skilled manpower for the production department, a sales team for the domestic and international market as well. Prepare an HR manual for your company clearly defining the job descriptions and the scope of work, to help you recruit the employees easily.

· Operations and Tools: It is not easy to start and operate an LED manufacturing company. Operations include multiple aspects like production, billing, accounting, distribution etc. Be careful and use the right tools from the beginning for smooth operation.

· Promotion: Promote your products both offline and online. A well-penetrated distribution network is usually the best option for this business. Also consider B2B selling, institutional selling and explore the export opportunities as well. Create your company website with relevant contact information. Also, join the local business associations related to the electrical industry. Trade fares are great places to promote LED manufacturing companies.