Walton Cables gets approval from Male authority for use in electrical installation

Walton, Bangladesh's leading electronics and electrical solutions manufacturer, has achieved another significant milestone in its global expansion journey as its locally made power cables received approval from the Malé Utility Regulatory Authority (URA) for use in electrical installations across the Maldives.

According to Md. Hasibul Haque, Product Manager of Walton Cables, the approval certificate from the URA is a prerequisite for using power cables in electrical installations in the Maldives. The regulatory authority grants certification only after products meet stringent international standards.

In collaboration with Ranfaun Private Limited, Walton's Maldivian business partner, an application for product approval was submitted to the URA. Following thorough testing and inspection, Walton cables successfully secured the certification. Ranfaun is now marketing Walton-branded products and providing after-sales services across the Maldives. Two shipments of power cables have already been sent to the island nation.

Razu Ahmmed, Chief Business Officer of Walton Cables, expressed optimism about the brand's prospects in the Maldives, saying, "Maldives is a small country but has a high per capita income and a rapidly growing construction and tourism sector. We are proud to start our brand business there with Walton cables. The country's power cable market is currently valued at around USD 30 million and is expanding steadily. We are confident that Walton cables will soon establish a strong market presence."

He added that Walton is preparing to export cables to at least four more countries following this successful entry into the Maldivian market.

According to Walton authorities, the company aims to expand its brand presence to more than 100 countries worldwide as part of its long-term vision to become one of the leading global electronics brands. Walton products are currently being exported to over 50 countries across Asia, the Middle East, Africa, Europe, and the Americas.