Policy Leverage Incitement of Industrial Expansion The "Financial Subsidy Promotion Project for Semiconductor Lighting Products" implemented by the United Nations Development and Reform Commission and the Ministry of Science and Technology of the Ministry of Finance completed the open tender last week. This is the second round of subsidy project bids released after the last year. At the Jinya Electronics 3E-LED Products Business Matchmaking and Promotion Conference held on Friday, a number of industry insiders stated that the government plays a crucial role in promoting LED products. Relevant person in charge of the China National Capital and Energy Conservation Working Committee had previously disclosed that during the “12th Five-Year Plan†period, the government will allocate 8 billion yuan of extrabudgetary funds from the central government to purchase 4 million LED-efficient road lighting products.
In addition to the central government, local government support for the LED industry can also be spared. Taking the Binhai New Area as an example, the "Binhai New Area Promotion of New Energy Industry Development Measures" released in 2011 proposes to support semiconductor lighting (LED) key equipment and materials and common key technology research and development projects; support LED campus, LED in the implementation area For green lighting demonstration projects such as communities, LED industrial parks, and LED transportation, each project will, in principle, give a subsidy or funding subsidy of up to RMB 500,000.
Huang Xiaode, senior vice president of Tianjin Jinya Electronics Co., Ltd., told reporters that with the support of the government's subsidy policy, our main customers are currently business procurement. “Our current partners include dozens of companies such as Motorola and Novo Nordisk, as well as some commercial buildings, and energy-saving products in many parts of the New District.â€
"The LED manufacturing and purchasing companies have subsidized the policies, which will play an important role in reducing the price of the products. An industrial shop with 24 hours of uninterrupted lighting, as long as 3 years, the energy cost savings can cover the purchase of LED lighting. Cost,†said Yu Ning, director and senior engineer of the Tianjin Electric Energy Technology Center.
Thanks to various government support, the LED lighting product market will continue to maintain rapid growth this year. Taking LED street lighting products as an example, the output value of China's LED street lamps will increase by more than 60% year-on-year and the output value will reach 4.7 billion yuan this year.
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