Japanese electronics giant Sony is going to manufacture smart television sets in Bangladesh.
Sony’s local franchisee Rangs Electronics will set up five factories at Bangabandhu Sheikh Mujib Hi-Tech Park in Sylhet to produce different electronic products including Sony smart TV sets.Rangs Electronics signed an agreement with Bangladesh Hi-Tech Park Authority (BHTPA) in this regard on Sunday.
State Minister for ICT Zunaid Ahmed Palak attended the signing ceremony as the chief guest at Sonargaon Hotel in Dhaka.
Hi-tech Park Project Director Golam Sarwar Bhuiyan and Rangs Electronics Chairman Aktar Hussain were also present.
BHTPA Managing Director Hosne Ara Begum and Rangs Electronics Managing Director Ekram Hussain signed the deal on behalf their respective sides. Senior Secretary NM Zeaul Alam presided over the function.
Rangs Electronics will invest $80 million in Sylhet Hi-Tech Park to develop the manufacturing plants over 32 acres of land, already allocated against the firm, said Zunaid Ahmed Palak.
“We have planned to extend the area of the park acquiring more 640 acres of land to meet the growing demand of this park,” he added.State Minister for ICT said there is an increasing demand for space in the Sylhet Hi-Tech Park in Companiganj as it “helps to enter the international market through the nearest Seven Sisters Region of India.”
About Sony’s venture, Zunaid Ahmed Palak said, “It is a special occasion for the ICT Division that the world famous brand Sony is going to launch TV manufacturing units in Bangladesh.”
He said, “Sony is regarded a prestigious and traditional household brand in the country.”
Rangs Electronics Managing Director Ekram Hussain said the company has projected to manufacture 1 million of refrigerators, 0.5 million televisions, 0.2 million air conditioners and 0.15 million home appliances in the proposed plants. Apart from the Sony products, Rangs will manufacture refrigerators, televisions, air conditioners, home and kitchen appliances in the plants
Hosne Ara Begum said the government is providing 148 services including 14 incentive packages to the investors in hi-tech parks to attract more private sector investment.
Some 74.06 acres of land at Sylhet Hi-Tech Park has been allocated against 20 companies according to latest data of Bangladesh Hi-tech Park Authority.