Country’s 7th mobile assembling plant to be launched with FDI
Published: 19:24 16 July 2019 Updated: 19:54 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.
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