'Signify expanding in India, evaluating manufacturing capacity for export'

Signify's India market is becoming more important by the day, and it is evaluating the manufacturing capacity in the country under the China Plus-One strategy, a company official said.

Signify India has started playing an important role not only in the domestic business but also in helping our global business to grow from India, said Sumit Joshi, Vice-Chairman and Managing Director of Signify Innovations India.

The Indian market of Signify -- earlier known as Philips Lighting -- is playing a big role in the design and R&D of Signify's global lighting business and as an ecosystem for electronic products as semiconductors are developed here, the manufacturing opportunity will become bigger.

"India is a very very important market and I am saying obviously because of the domestic potential which we have... but I also think the role that India could play for the world for Signify is becoming far more important," Joshi told PTI.

Asked if Signify is looking as a manufacturing base for ...