Walton contributing to the country's economic growth: Land minister
Land Minister Saifuzzaman Chowdhury said Walton has become a national asset and is greatly contributing to the country's economic development, progress and growth.
"They are manufacturing not only refrigerators, LED TVs, air conditioners, washing machines, smartphones and so many products but also A to Z (all) materials needed to produce a fridge. They are also exporting products to Europe, America and Asian countries. It's is a big achievement for Bangladesh," he said after visiting Walton headquarters at Chandra in Gazipur on Wednesday (21 December).
During the visit, Land Ministry's Secretary Md. Mustafizur Rahman was also present as the entourage of the minister, reads a press release.
Keep updated, follow The Business Standard's Google news channel
Walton Hi-Tech Industries PLC.'s Vice-Chairman SM Shamsul Alam, Directors SM Ashraful Alam, SM Rezaul Alam and SM Manjurul Alam, Managing Director and CEO Golam Murshed welcomed the guests with flower bouquets at the company's headquarters.
The guests first enjoyed a video documentary on the production process of Walton's various products. Then they visited Walton's well-equipped product display centre and Walton's state-of-the-art manufacturing plants, including refrigerators, compressors, elevators, metal casting, moulds, SMT, and various products and parts.
After the visit, Land Minister Saifuzzaman Chowdhury said, "Visiting Walton has changed my perspective. They built an impressive and integrated manufacturing village. Though some giant groups of companies have built backward linkage factories in scattered ways, but Walton has set up manufacturing plants for finished goods and spare parts at one location. Thanks to Walton's entrepreneurs for establishing such an integrated manufacturing village with hard work and challenges."
The minister further said, "Once the domestic demands for electronics products were met with imported products. Now, Walton is manufacturing electronics products along with all essential spare parts. Products of overseas renowned brands are now manufactured by Walton. It's a great achievement for Bangladesh."
The minister added that the private sector like Walton has contributed remarkably to the current economic development, progress and growth of Bangladesh. Walton is now thinking beyond the border. Catering the domestic demands, they are exporting products. Walton is not only reducing the country's import dependency but also earning huge foreign currencies through exports.
The government is giving priority to the domestic institutions, mentioning it the land minister assured domestic entrepreneurs of taking necessary steps in easing their participation in the digitization of land ministries and offices.
The visit was also attended by, among others, Walton Hi-Tech Industries Deputy Managing Director Alamgir Alam Sarker, Senior Executive Directors Tanvir Rahman, Col. (Retd.) SM Shahdat Alam, Yusuf Ali, Mostafa Nahid Hossain, Sohel Rana, Firoj Alam, Easir Al Imran, Mahfuzur Rahman, Al Imran, SM Zahid Hasan, Sahinur Sultana and Tofail Ahmed, Executive Directors Md. Shahjada Salim, Sharif Harunur Rashid, Shahjalal Hossain Limon, Abdullah Al Mamun and Mohsin Ali Mollah.
