The Gandhi bridge in Ahmedabad will soon get eco friendly streetlights, courtesy a venture by an Indian Institute of Management, Ahmedabad (IIM-A) alumni.
IIM-A alumnus Akshat Khare and his partner Dhaval Shah, a Nirma University graduate, through their startup-Nessa Illumination Technologies, will run a pilot project on Gandhi bridge by replacing 10,000 conventional street lights with LED lights. "Ahmedabad Municipal Corporation (AMC) spends about Rs 12-15 crore annually on external lights in the city. Our business model will help them save up to one-thirds on electricity bills. Besides, the lights are maintenance free, which will help them cut additional costs," said Khare, director, Nessa.