Vivo ‘Made in Bangladesh’ soon
Published: 19:06 16 July 2019
Vivo, the Chinese smartphone manufacturer company is going to launce its assembling in Bangladesh for the first time. The Company is all set to roll out its fifth mobile assembly plant in the country after two in China and one each in India and Indonesia.
Sources informed, the world famous smartphone company is like to put together at least one million smartphones every year at their assembly plant in Rupganj of Narayanganj. This plant is to be set with full foreign investment as a part of recent international interest to invest in the country due to favorable tax regime, the sources also said.
The company sources said that, the native assembled hand set will be available in the market within three months.
“We hope ‘Made in Bangladesh’ handsets will be available in the market within three months,” said Tanzib Ahamed, an assistant manager of Vivo Mobile (BD) Ltd, in a written statement.
“Vivo always ensures high quality and the ‘Made in Bangladesh’ products will also be of best quality and at reasonable prices,” the statement also added.
The company aims to export ‘Made in Bangladesh’ handsets within a few years, the official also Ahamed said.
Vivo has already received green light from the tax administrator and the Bangladesh Telecommunication Regulatory Commission.
Meanwhile, the BTRC said that, now, it is at the final stage of getting approval from the telecom regulator. Some tests will be carried out before giving a no-objection certificate.
Vivo, under the company name of Best Tycoon (BD) Enterprise Ltd, needs to employ at least 250 Bangladeshi to run the plant, according to BTRC’s regulation. Telecom Minister Mustafa Jabbar welcomed the move of Vivo.
He said it was a huge challenge for the government to increase the import duty on handsets and decrease the duty on the raw materials used in mobile phone assembly plants.
“Not only Vivo, Chinese companies such as Oppo are also contacting us to set up plants in the country to get the tax benefit,” Jabbar said.
The government first introduced a tax policy for the local assemblers in the fiscal year of 2017-18 and it was revised in the budgets of 2018-19 and 2019-20.
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