Terming Walton an icon of the industrial sector in Bangladesh, Commerce Minister Tipu Munshi said Walton is incredibly a lighthouse in the country. Walton is manufacturing every product needed in the electronics sector, reducing billion-dollar import expenses, contributing to employment creation and export earnings.
The commerce minister made the remarks at the inaugural ceremony of the country’s first-ever industrial expo titled ‘International Advanced Components and Technology (ATS) Expo-2023’, managed by Walton, at Hall-1 of the International Convention City Bashundhara (ICCB) in the capital on Thursday morning, said a press release.
Attending as chief guest, the minister inaugurated the ATS Expo. Among others, Walton High-Tech Industries PLC’s Directors S M Mahbubul Alam and Nishat Tasnim Shuchi, Managing Director and CEO Golam Murshed, BSEC Chairman Professor Shibli Robayet-Ul Islam, Export Promotion Bureau (EPB) Vice Chairman AHM Ahsan, Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) President Mahbubul Alam, Dhaka Chamber of Commerce & Industry (DCCI) President Sameer Sattar, Philippines Ambassador to Dhaka Leo Tito L Ausan, Jr and Policy Research Institute of Bangladesh Executive Director Ahsan H Mansur attended the event.
Walton High-Tech’s Director SM Mahbubul Alam presided over the opening ceremony and popular film actor and Walton’s Senior Executive Director Amin Khan moderated the programme.
Walton is showcasing more than 50,000 industrial materials, components, testing labs and other services in the expo. The three-day long ATS expo will continue until August 12.
Commerce Minister Tipu Munshi said if Walton had not started producing electronics products, Bangladesh had to pay billion dollars of imports bills. “Thanks to Walton’s visionary entrepreneur. People of the country can now buy essential electronics products at affordable prices. ”
The commerce minister also said Walton is not only saving billions of dollars import costs but also contributing to the country’s export income. They set a target of bagging $10 billion export earnings by 2030. Walton will be successful in the way it is moving forward, improving and building a strong position in the global market, he hoped.
Walton Hi-Tech Industries Director SM Mahbubul Alam said, “Walton’s highly trained skilled engineers are manufacturing more than 50,000 industrial materials and components through state-of-the-art machinery. These components can be used by other industries of the country.”
Walton Hi-Tech’s MD and CEO Golam Murshed said, “This is the first time in the history of Bangladesh that a single Bangladeshi brand has organized such a technology and solutions expo. The ATS Expo will highlight the potential industries of Bangladesh and the domestic industries capabilities as well. ”
FBCCI President Mahbubul Alam said, “Electronics products are now available in every village of the country. Business-friendly environment and 100% electrification were ensured across the country. ”
