China National Development and Reform Commission and Ministry of Finance have restarted the bid for financial subsidies in 2012 ~ 2013 annual semiconductor lighting products promotion project. And there are 113 enterprises competing for the bid. The bid is estimated to be worth one billion RMB.
Early in February, the government has started the bid, and the scope of subsidies consist s of indoor light, LED spotlight, LED downlight and outdoor LED streetlight. However, it comes to a failure due to the big difference offered by a few enterprises.
This time, the government has entrusted China Electronic Import and Export Corporation to hold the bid on a large scale. Therefore, compared with 20 enterprises got the bid in February. The number of successful bidders is increasing. It schedules to choose 50 enterprises for indoor light, including 25 enterprises for LED downlights and 25 for LED spotlights individually. For outdoor lighting, there are 15 enterprises for LED streetlights and 15 for LED tunnel lights. However, because of repeatable bidder, it estimates that there will be 30 ~ 50 manufacturers benefiting from the subsidies.
The government expects the proportion of all lighting products for LED lighting to reach 5% in 2012 and aims to hike it to 30% along with total production value of CNY500 billion in 2015.