Opple Lighting to invest Rs. 60 cr in India expansion.

Opple Lightning, a Chinese lighting brand, is planning to roll out 30 large-format exclusive brand stores across 30 cities in India with an initial investment of Rs. 60 crore in the next three years, said chairman (India) S Venkataramani.

'We are targeting a cumulative turnover of Rs. 450 crore from India in the next five years. We expect a revenue share of 35 per cent from south India and 27 per cent from the western part of the country,' he said in a release.

The Shanghai-headquartered company, which launched its first experience store in India at Chennai in 2014, expanded its operations to Telangana with the launch of two exclusive stores in Hyderabad recently.

'We have been focused on building a strong footprint in south India as it has strong consumption of lighting products in the country. Together, southern and western regions constitute over 60 per cent of the lighting market in India and has a comparatively higher rate of LED adoption,' Venkataramani said.


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