Boosting hi-tech industry vital to become developed economy 

Walton Hi-Tech Industries’ Managing Director Golam Murshed said a boost in the domestic electronics and hi-tech industry is highly required for achieving the incumbent government’s vision of making Bangladesh a developed country by 2041.

He stressed on the improvement in the research and innovation works for boosting the country’s electronics and hi-tech products manufacturing industries.

Golam Murshed, also the chief executive officer of Walton Hi-Tech Industries Limited, made the remarks while addressing at the concluding session of the first phase roadshow titled ‘Investor summit: Bangladesh capital markets’ held at the ballroom of the Dolder Grand Hotel at Kurhausstrasse in Zurich, Switzerland on Monday, said a media release on Tuesday.  

Aiming to facilitate and encourage the non-resident Bangladeshis to invest in the country’s capital market, the Bangladesh Securities and Exchange Commission (BSEC) initiated the two-phases roadshow titled ‘The Rise of Bengal Tiger: Potentials of Trade and Investment in Bangladesh.’ The final phase will be come off at Geneva on Wednesday. 

Golam Murshed said, “The father of the nation Bangabandhu Sheikh Mujibur Rahman once dreamt of Sonar Bangla (Golden Bangla) with economic emancipation. Now his daughter Prime Minister Sheikh Hasina is now fulfilling that dreams with efficiencies. Bangladesh is now showcasing successes in a number of fields including GDP growth, poverty alleviation, and improvement of living standards, increase in education rate, empowerment of women, increase in foreign exchange supply, stable capital market, political stability, infrastructures and policy development.

In Bangladesh, he said, Walton is not only the pioneer of the domestic electronics and electrical industry but also the market leader. Utilizing the government’s given industry-friendly duty and policy supports, Walton became the Bangladesh’s electronics giant. Beyond the country’s boundaries, Walton made products are being exported to around 40 countries. Now, Walton is moving ahead to the global market with the ‘Vision- Go Global 2030’ that means- making Walton one of the best global electronics brands by 2030. 

Land Minister Saifuzzaman Chowdhury, BSEC Chairman Professor Shibli Rubayat-Ul-Islam, Ambassador of Switzerland to Bangladesh Nathalie Chuard, Senior Finance Secretary of the Ministry of Finance Abdur Rouf Talukder, ICT division's Senior Secretary N M Ziaul Alam, Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA) Major General Md Nazrul Islam, BSEC Commissioner Dr Shaikh Shamsuddin Ahmed and Chairman of the Chittagong Stock Exchange (CSE) Asif Ibrahim were present at that time.

High-level delegates from Bangladesh and Switzerland, along with business conglomerates and investors, NRBs, foreign investors and institutional investors in Switzerland joined the summit. 

The roadshows were also held in four cities in the United States of America and Dubai this year. Walton is one of the partners in the United States and Switzerland roadshows. The upcoming roadshows led by the BSEC will be held in Russia and UK.

A video documentary on the production process of various products at the Walton's state-of-the-art factory was also screened in the roadshow.