Country’s 7th mobile assembling plant to be launched with FDI
Published: 07:24 PM, 16 July 2019 Updated: 07:54 PM, 16 July 2019
The country’s economy is undergoing a rapid development, as a part of its international recognition, many international companies flock to the country to make the best use of favorable business opportunity in Bangladesh. Chinese mobile phone manufacturer, Vivo is to set an assembly plant in the Bangladesh which will be the country’s seventh mobile assembly unit. Of them, six are already assembling handsets.
Sources informed, in Bangladesh, local brand Walton became the first company to set up a mobile phone assembly plant in October 2017. It has been assembling all of its handsets locally since the middle of 2018.
Meanwhile, another international mobile phone brand, Oppo is setting up a plant in Gazipur under a joint venture with a local company. The Chinese handset maker has not applied to the BTRC yet. A BRTA senior official of the commission said. “Oppo has informed us verbally that it is setting up a plant,” informed the BRTA source.
Currently, six assemblers are meeting more than 40 percent handset demand in the country and it will reach 55 percent after Vivo’s products hit the market, said Ruhul Alam Al Mahbub, president of the Bangladesh Mobile Phone Manufacturing Association (BMPMA).
Mahbub is the chairman of Fair Group that is assembling more than 1.5 lakh pieces of Samsung smartphones in its plant in Narsingdi. Currently, 8 lakh units of smartphones are sold in Bangladesh every month and more than 3.5 lakh pieces are supplied by the local players.
According to the BMPMA, Symphony is assembling more than one lakh units of smartphones and several thousands of feature phones.
Walton assembles 40,000-50,000 units of smartphones and Transsion Bangladesh Ltd 70,000-80,000 units.
Two other companies -- Al Amin Brothers and Anira International Limited -- are currently assembling different kinds of mobile phones.
Grameen Distributors Ltd and OK Mobile Ltd have received initial approval from the BTRC to set up assembly plants. Three more companies are also seeking approval. When all the companies start making mobile handsets locally, the industry will meet the domestic demand entirely and move for exports, Mahbub said.
Currently, there is 57 percent tax on smartphone import and 32 percent on basic and feature phones. The tax for locally assembled and manufactured handsets is 18 percent and 13 percent respectively.
- Issues that will be discussed during Jayashankar’s visit
- Gibraltar rejects US request
- Man United faces Wolverhampton tonight
- Hong Kong protesters march peacefully
- Marium, a lovely animal dies after eating plastic
- New Indonesian capital to be in Jungle?
- How to cook meat faster
- Tourists unhappy over Teknaf`s odor-pollution
- Fatima: The Wonder Lady!
- Rail links with Khulna snapped
- Maududist modern era devil: Agriculture Minister
- ‘Blood Bank of Kaliganj’ saved thousand lives
- ‘Mayaboti’ release date scheduled
- Dressing room rift misinterpreted in media: Mahmudullah
- Humayun for all-side interest on rawhide issue
- Tannery owners to buy rawhide form tomorrow
- JKS for transport workers’ fixed work hrs rein road accident
- How long should Kashmiris wait for peace?
- JnU’s Olympiad winner dies
- Day laborer Dalip Singh became ‘Great Khali’
- Shirin Sharmin to join South Asian Speakers’ Summit
- 1 day after buying bike, youth killed in accident
- Happy birthday Mia Bhai
- Serious health risk in handling taka: research reveals
- Minni’s bail petition to HC again
- Cumilla road crash: 6 of a family among deceased
- Jumps from boat get a divorce!
- DMP files 4,780 cases over traffic violations
- Tk 120 cr allotted for flood recovery
- Writ seeking HC order to find out culprits in rawhide fall
- All News »
- Truck driver rescues girl from rape on moving bus
- National Mourning Day Thursday
- 7 killed as auto-rickshaw crashes into bus
- Priyanka anxious over Nick’s diabetes!
- Immortal sayings of Bangabandhu
- Jacqueline stuns in yellow during birthday trip in Sri Lanka
- Army Chief off to Indonesia Sunday
- Kona disclosed her marriage 3 months later!
- Fire breaks out at Mirpur slum
- 60pc animal waste of Capital disposed
- Hong Kong protesters march peacefully
- Nayan`s last SMS to Minni
- Removal of animal wastes almost completed: DSCC Mayor
- No foreign prog broadcast without permission
- Keep environment clean to prevent dengue: President
- Mirpur slum fire doused
- Two Bangladeshis killed in Saudi road crash
- 63 Bangladeshi Hajj pilgrims died in Saudi Arabia
- Pak-India war! 8 soldiers killed on LoC
- 2 gang rape accused killed in gunfight
- Last Hajj ritual heralds Eid Al-Azha
- 4 of a family killed in M’singh bus-car collision
- Momo stares in Hindi film!
- Flood victims to get 24,000 houses
- `Our prayer for abolition of evil power`
- BCB seek clarity from Mashrafe Mortaza about ODI future
- 8 births recorded during Hajj 2019
- La Liga: Atletico Madrid faces Getafe tonight
- Kashmir outposts divided over status change
- 2 dead, 3 missing after boat sinks in Jamuna