Zalomi, a prominent player in the refurbished electronics sector in the UAE, has made a significant move by opening its first outlet in India in Malappuram, Kerala. With plans to establish 300 franchised outlets by 2030, the company is strategically positioning itself to capitalize on India’s burgeoning refurbished electronics market, valued at approximately $10 billion. This expansion reflects Zalomi’s commitment to offering affordable and sustainable technology solutions to a rapidly growing consumer base. By promoting the reuse of electronics, Zalomi is not only addressing consumer needs but also contributing to India’s sustainability drive, helping to save the planet from the mounting challenges of electronic waste.
Noushad Rahman CEO of Zalomi Electronics, Dubai, UAE
“The Indian refurbished electronics market is experiencing robust growth, driven by increasing demand for cost-effective alternatives to new devices. As consumers become more price-sensitive and environmentally conscious, the trend toward refurbished products is gaining momentum. With a projected compound annual growth rate (CAGR) of over 15% from 2023 to 2030, this sector presents a wealth of opportunities for companies like Zalomi, which aims to provide quality electronics at competitive prices. By focusing on refurbishing existing devices, Zalomi is playing a vital role in reducing electronic waste and minimizing the environmental impact of manufacturing new products” said Noushad Rahman CEO of Zalomi Electronics.
In setting an ambitious target of reaching 10 million customers by 2030, Zalomi is not just focusing on immediate sales but also on building a strong brand presence in India. By leveraging a franchising model, the company can expand its market reach efficiently while empowering local entrepreneurs. This approach not only facilitates rapid growth but also contributes to job creation and economic development within communities, fostering a sense of partnership between Zalomi and its franchisees. The franchise model enables entrepreneurs to participate in the growing market of refurbished electronics, thereby strengthening the local economy.
The decision to tap into the refurbished electronics market aligns with a broader global movement toward sustainability and responsible consumption. As consumers increasingly prioritize eco-friendly options, Zalomi’s offerings resonate with a diverse demographic seeking both affordability and quality. By providing refurbished electronics, the company helps to reduce electronic waste while catering to the needs of environmentally conscious consumers. This commitment to sustainability is in line with India’s national initiatives to promote green practices and reduce environmental degradation, making Zalomi a fitting ally in the country’s sustainability efforts.
Zalomi’s entry into India marks a pivotal moment in the country’s refurbished electronics landscape. With its ambitious expansion plans and commitment to sustainability, the company is poised to become a key player in this evolving sector. As it aims to establish a strong foothold and connect with millions of customers, Zalomi’s innovative approach and focus on community engagement could pave the way for a successful and impactful presence in the Indian market. By prioritizing sustainability through refurbished electronics, Zalomi not only addresses consumer demands but also actively contributes to a greener, more sustainable future for India.
