Taiwanese panel producer Innolux has announced the restructuring of the company’s organization. Robert Shiao, the prior president of the company, has become Vice Chairman. James Yang was promoted as President from Vice President and will oversee the business unit, operation unit and manufacturer unit of Innolux. According to Jim Hung, Chairman of Innolux, the new management team would strengthen the flexibility and competitiveness of the company.

The U.S.-based LED technology developer, Neo Lights Holdings, has aimed to set up its manufacturing facilities in India and announced that the company is in discussion with several Indian producers to determine the optimized approaches of collaboration. 

The procurement price of LED bulbs may have hit a record low at INR 54.90 (US $0.82), and it could continue to drop as Indian government promotes energy-efficient technology across the country.