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Yesterday, Liard Optoelectronics Co., Ltd. (hereinafter referred to as Liard) and India's MIC Electronics Limited (hereinafter referred to as MIC) formally signed a cooperation agreement, the two sides carried out in-depth cooperation on LED strategy. This move also means that Liard's internationalization strategy has made significant progress.
According to the agreement, Liard authorized MIC as the sole distributor of India. The MIC is solely responsible for the promotion and sales of Liard products in the Indian market. In the first year, it is expected to sell Liard products for about 10 million US dollars. After the market reaches a certain scale, a joint venture will be formed jointly.
Li Jun, chairman of Liard, said that China and India have technological costs and market advantages respectively. The strategic cooperation between Liard and MIC will lead to a far-reaching development of the LED industry in the two countries and even the global LED industry. influences.