‘Walton contributing to country’s economic development, growth’

Land Minister Saifuzzaman Chowdhury on Wednesday said Walton 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, he said.

They are also exporting products to Europe, America and Asian countries. It is a big achievement for Bangladesh.

The land minister came up with the remarks after visiting Walton headquarters at Chandra in Gazipur, said a press release issued on Thursday.

During the visit, Land Ministry Secretary Md Mustafizur Rahman was also present as the entourage of the minister.

Walton Hi-Tech Industries PLC Vice-Chairman SM Shamsul Alam, Directors- SM Ashraful Alam, SM Rezaul Alam and SM Manjurul Alam, and Managing Director and CEO Golam Murshed welcomed the guests at the 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, molds, SMT, and various products and parts.

After the visit, Land Minister Saifuzzaman Chowdhury said, “Visiting Walton my idea has changed. They built an impressive and integrated manufacturing village.

“Though some giant groups of companies have built backward linkage factories in scattered ways, Walton has set up manufacturing plants for finished goods and spare parts at one location.”

The minister also said once the domestic demand for electronics products was 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 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, he also said.

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 digitisation 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.