Red Electro Expands Business To Moradabad By Appointing R. K. Electricals Its Local Distributor
Date
2/14/2023 12:15:05 AM
(MENAFN- ForPressRelease) The leading LED lighting products company, RED Electro announces to appoint R. K. Electricals as its distributor in Moradabad, U.P. for marketing its products in the area.
New Delhi, February 14, 2023 – Adding to its business expansion drive, Red Electro now reaches Moradabad in Uttar Pradesh. The Delhi-based LED lighting product manufacturer has included R.K. Electricals to its business network, by appointing it as a distributor in the region. R.K. Electricals will be responsible of stocking and marketing all products manufactured by Red Electro.
Prateek Kapoor, who is the proprietor of R. K. Electricals, is excited about this new collaboration with Red Electro. He states,“The lighting solutions made by Red Electro are really admirable. These cost and energy efficient lights are much appreciated by the people in Moradabad. At the same time, there are lots of real estate and infrastructure product developments around Moradabad where these products have their wide applications.”
Moradabad is one of the upcoming cities in U.P. With a population over one million, Moradabad has found its place in the 100 smart city list of India. With the fast pace real estate development in the city, the demand for modern lighting products is also fast picking up. Red Electro has the specialty of manufacturing and supplying a wide variety of lighting products that could be ideal for the modern space, whether it's a residential apartment or a sky-touching shopping mall.
When asked about the company's business expansion, Firdous Alam, CEO of Red Electro, states,“We have presence in over 300 cities across the nation. Moradabad is the most recent addition. Mr. Kapoor is a dynamic businessman and his R. K. Electricals is a popular store, located in a prominent market in Moradabad. I am confident we will be able to carry out a remarkable business in the area to capture in sizable market.”
According to a research, the LED light market in India is all set to grow at a CAGR of 23.7% during 2022-2027, and the country's tier-2 and tier-3 cities would be the major consumer of the LED lighting products. In such a golden forecasting scenario, it always makes sense to spread the business network beyond the metropolitan landscape. Hinting on the business expansion plan, Firdous states,“Our focus is to reach all big and small towns as well as villages of this vast country, so that everyone can have an access to quality, innovative, green and cost-effective LED lighting products. I believe by the end of 2025, customers anywhere in the country will get our products in their local market.”
After R. K. Electricals in Moradabad, Red Electro is also going to finalize a number of new distributorships in different locations in March-April 2023. The company spokesperson will update the media about these new appointments through press releases very soon.
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