 "LED bulb; Image courtesy: Promptec Renewable")
Shilpi Cable Technologies Ltd, which manufactures cables, wires, and accessories primarily for telecom, automobile, consumer durables, and power sectors, has acquired UAE-based Gulf Aglow LED Lighting FZCO (GAL). The deal gives SCTL an entry into the high growth LED market with an established partner that has license to sell under the renowned Westinghouse brand & owned brand Galux in 54 countries, and a vast manufacturing capability.
Shilpi Cable has already established a wide presence in India in the B2C segment with its Safe brand which will now be used to grow in the LED segment. GAL’s extensive global network also becomes
