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Philips enters into agreement with KORE for LED products

NEW DELHI: Philips has entered into global distribution agreement with Delhi based Key Operation & Electrocomponents (KORE), which would allow the Dutch electronics firm to an immediate access to the growing Indian LED market. 

The agreement would provide Philips Lumileds, a part of the 
Philips Electronics, which makes LED ( light emitting diode) products and solutions, availability of domestic market through KORE's network. 

Now all 
Philips Lumileds products are available in India through KORE, the company said in a statement today. 

Commenting on the development, Philips Lumileds CEO Pierre-Yves Lesaicherre said,: ED lighting is just beginning to take off in India. But we expect remarkable growth in this market over the next several years, in both commercial and off-grid applications". 

The Delhi-based firm would have full access to the products, services and people at Philips Lumileds. 

Expressing similarly, 
Kore Director Praveen Mahajan said: Philips Lumileds has been in the forefront of developing best- in-class LED lighting solutions and KORE is known for its sales, support and large customer base in India providing innate synergies for both of us to partner."