Dhaka, Bangladesh (BBN) – Samsung Telecommunications has expressed interest to invest in Bangladesh to set up manufacturing unit for smart-phone to meet the growing demand in the region.
Once the investment is done, it will generate around 50,000 jobs and help export mobile phone sets and accessories worth US$ 1.0 billion in the global market.
South Korean Ambassador in Dhaka Lee Yun-young said this during a meeting with Industries Minister Dilip Barua at his Shilpa Bhaban office in the capital Dhaka on Wednesday.
A smartphone is a mobile phone built on a mobile operating system, with more advanced computing capability and connectivity than a feature phone.
During the meeting, they discussed various issues, including South Korean support in Bangladesh’s industrial sector.
Issues relating to expansion of a shoe factory in Korean EPZ, Korean support in information and technological sector and transfer of advanced technology in Bangladesh came up for discussion at the meeting.
The Korean envoy appreciated Bangladesh’s readymade garment sector and recalled Korea’s role in the sector in initial days.
Lee informed the Industries Minister that he would play the role of catalyst in boosting Korean investment in Bangladesh.
Dilip Barua said Bangladesh’s industrial sector is progressing fast with technical and technological supports from various countries.
He said Korean entrepreneurs can come up with joint investment in the areas of shipbuilding, leather industry, electronics and shoemaking industry.
“Any foreign entrepreneur can easily be benefited by utilizing Bangladesh’s internal market advantage and cheap labours,” the minister noted.
Barua said a vast portion of Bangladeshis use mobile phone and the number of smart-phone users is increasing rapidly with the introduction of 3G technology in the country.
BBN/SSR/AD-21Nov12-11:40 pm (BST)
