Wednesday 5 February 2020

Once upon a time there was a Sylvania & Laxman Bulb


Specialised & Better Quality Lamps by IndiaN Firm

“Electricity is next in importance to food, shelter and clothing. The demand for electricity will continue to grow with the further industrialization of India”, said by Mr.Laxman S.Agarwal
Mr. Agarwal was Managing Director of Sylvania & Laxman Ltd., Delhi. The firm manufactured fluorescent tubes, lamps and various lamp components and accessories.
Sylvania & Laxman was an Indian-American joint venture. Its American collaborator was Sylvania Electric Products, located in New York City, a subsidiary of General Telephones and Electronics International Inc. One of the world’s largest manufacturers of lamps and specialized lighting products, Sylvania Electric employs some 40,000 people and had 50 plants and 30 laboratories in 13 states. Its annual sales was : $800 million (Rs.582.4 crores) that time.
“The Delhi plant has inherited Sylvania’s tradition of streamlined efficiency and highly advanced technical know-how,” Mt. Agarwal said, adding: “The Sylvania & Laxman engineers gave their customers the full benefit of their intensive training with the parent company in the United States. Almost a dozen had visited America for specialized training.
“As a result of their rigorous training they stand for no compromises when it comes to quality control in methods, raw materials or the final processing”.
The Indian-American joint venture received a loan of Rs.50 lakhs from the U.S. Agency for International Development (USAID). And to help meet its foreign exchange needs, the Industrial Credit and Investment Corporation of India provided an initial loan of $ 4,18,420 that time.
The loans have helped the plant to greatly increase production for India’s needs and for export. Sales during the last four years had more than tripled from Rs.86 lakhs to Rs.2.92 crores that time.
Pointing out that its products meet International Standards, Mr. Agarwal noted that “ the company belongs to a selected list of firms who export their products. Sylvania & Laxman was able to export about 10 percent of its products, thereby earing valuable foreign exchange for the country.”
An important accomplishment of the firm during the four years had been in import substitution program. For example, the company had no longer depends on imported basic chemicals required for fluorescent powder; it manufactures them itself.
Another achievement of the firm, according to Mr. Agarwal, was the establishment of a research and development section. It makes sure that every lamp manufactured at the plant undergoes rigid in process tests and final inspection and re-inspection for quality before packing.
The demand for lamps and fluorescent tubes in India would continue to grow, Mr. Agarwal said. The tubes were especially popular because they consume less current and reduce the glare. “Meeting the growing demand poses a great challenge to the electric lamp industry,’ he added.
Sylvania & Laxman had recently received permission from the Government of India to produce specialized lamps, glass shells, and oxygen, nitrogen and hydrogen gases.
“The expansion would helped Sylvania & Laxman met the growing demand and challenge for more and better quality electric lamps”, Mr. Agarwal said.

No comments:

Post a Comment

10 Best Highest Paying Dividend Stocks, Given Upto 31% Dividend, Vedanta & Hindustan Zinc Are In Top

10 Best Highest Paying Dividend Stocks, Given  U pto 31% Dividend, Vedanta & Hindustan Zinc Are  I n Top    VEDANTA Mining company VEDAN...