Chinese company to produce cellphone sets in Bangladesh
Many mobile phone users will soon be using home-made sets as a Chinese company is expanding its manufacturing plant to Bangladesh to take benefit of the country's rapidly expanding mobile phone market.
The company, Phoenix Group, had already done market study on Bangladesh's mobile phone market and decided to set up a plant here for producing cellphone sets.
Representatives of the company last week met with Commerce Minister Faruk Khan during his visit to Beijing and discussed its investment plan in Bangladesh. The minister went to China to attend the "National Day" of Bangladesh at the Shanghai Expo 2010.
Faruk Khan told the news agency in Shanghai that the company would add 60 percent value to their products from Bangladesh when it would only source basic material from China for manufacturing mobile phone sets.
He believes mobile phone users in Bangladesh would get cheaper sets once the company starts producing locally.
The company specialises in designing and developing GSM mobile phone and digital electronics equipment in China. Its product ranges cater to needs of both the low end and high end users.
With more than six crore mobile phone users in Bangladesh until last July, the market is expanding at a phenomenal growth rate, creating ever increasing demands for mobile phone sets.
But the market is flooded with imported sets mostly from China, South Korea and some other east Asian countries.
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