Bhutan turns into a potential market for Walton: Envoy

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Business Report :
Pema Choden, Bhutanese ambassador in Dhaka said Bangladeshi brand Walton products have huge potential in the consumer based electronics market in Bhutan.
The envoy also expressed her keen interest to expand the bilateral trade relation with Bangladesh through bringing more products from Walton, especially refrigerator, fridge, air conditioner, motorcycle and other home and kitchen appliances, to Bhutan.
Pema, who led a 5-member delegation team, placed her keen interest before the media after visiting different production units of the Walton Hi-Tech Industries Limited (WHIL), especially refrigerator, air conditioner, television and motorcycle units, and the display centre at Chandra in Gazipur on Thursday.
The other members of the delegation team are: Counsellor (Trade) of Bhutanese Embassy in Dhaka Yonten Gyamtsho, Managing Director of State Trading Corporation of Bhutan Ltd (STCBL), a sole distributor of Walton products in Bhutan, Yeshey Selden, Head of Business of STCBL Tashi Pemo and Liaison Officer Sangay.
Among others, Director of Walton Group SM Rezaul Alam, Operative Director Uday Hakim, Lieutenant Col (Retd.) Abdul Kader, Col (Retd.) SM Shahadat Alam (Walton Microtech), and other high officials of the company were also present at the time of factory visit.
While expressing his reaction over the visit, the Bhutanese envoy said, “I am very impressed after visiting the production units of Walton because it was established no long ago but captured a lion portion of the electronics market of Bangladesh.”
Walton is a very well known brand in Bangladesh, she said adding, she has been staying here in Bangladesh for the last one year and experienced that Walton has a very strong presence across Bangladesh, especially in the country’s remote areas.
“We, Bhutanese Embassy, are trying to promote the bilateral trade relation with Bangladesh,” Pema said.
The State Trading Corporation of Bangladesh has already initiated purchasing Walton products for Bhutan, she said adding: “We are very keen to expand the trade further.”
Mentioning various investment advantages available in Bhutan like low cost of electricity, special economic zones for foreign investors and so on, the envoy invited Walton to come up with investment in Bhutan.
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