To go by the most recent piece of development, out of the total participants, thirty nine of the firms were ultimately chosen. LED lighting units of 87.3 million were subsidized in total. Units worth 78.5 million have been subsidized for the purpose of indoor lighting. Two of the Chinese farm could manage ten percent of the amount bidden for. The amount is likely to touch the magical figure of two billions of Chinese Yen. Philips happens to be the only one from the international circuit, to make it to the coveted list. Besides contributing to the cause of energy conservation; the move is supposed to benefit the chipmakers of LED.
In a bid to mitigate the use and application of incandescent sources of lighting, China has been following a unique policy. The month of October witnesses complete abstinence from the application of incandescent sources of lighting. The novel policy has corresponded to another scheme, which also seeks boosting the use of light emitting diodes. As part of the scheme, subsidies were announced on the usage of LED. Firms were encouraged to come up with their bids. As many as hundred and thirteen firms were a part of the bidding process.