Business Desk :
Setsuyo Astec Corporation, a subsidiary of Mitsubishi Electric Corporation, is considering to set up its factory in Bangladesh as the wages here is the lowest among the Asian and Oceania countries.
The production cost in Bangladesh is the lowest in the region and the country has been moving ahead with the efforts to set up power, traffic, building and other social infrastructures in recent years. The country’s expectations are also high as it has achieved even greater growth in the textile industry.
Chief Representative of the corporation’s Bangladesh office Yusuke Imagawa said Bangladesh’s economy is moving forward with a higher speed than the other neighbouring countries, so Setsuyo Astec Corporation recently launched its representative office in the country to strengthen market survey, information collection and such other capabilities.
“We have opened the office to provide detailed customer support and even higher levels of service by providing supports to local sales agencies in addition to implementing timely market surveys and collecting information within the nation,” he added.
He said, “Many Japanese companies are showing interest to expand their business in Bangladesh. We have set up the office in Bangladesh as our 11th overseas office.”
Now, Imagawa said, Setsuyo is investing in the marketing and research, but it has a plan to open factory in the country as per the demand and development. “We have factories in different countries, including China and India. Now, we are considering setting up factory in Bangladesh due to lots of potentialities in the market,” he added.
Setsuyo Astec Corporation, a subsidiary of Mitsubishi Electric Corporation, is considering to set up its factory in Bangladesh as the wages here is the lowest among the Asian and Oceania countries.
The production cost in Bangladesh is the lowest in the region and the country has been moving ahead with the efforts to set up power, traffic, building and other social infrastructures in recent years. The country’s expectations are also high as it has achieved even greater growth in the textile industry.
Chief Representative of the corporation’s Bangladesh office Yusuke Imagawa said Bangladesh’s economy is moving forward with a higher speed than the other neighbouring countries, so Setsuyo Astec Corporation recently launched its representative office in the country to strengthen market survey, information collection and such other capabilities.
“We have opened the office to provide detailed customer support and even higher levels of service by providing supports to local sales agencies in addition to implementing timely market surveys and collecting information within the nation,” he added.
He said, “Many Japanese companies are showing interest to expand their business in Bangladesh. We have set up the office in Bangladesh as our 11th overseas office.”
Now, Imagawa said, Setsuyo is investing in the marketing and research, but it has a plan to open factory in the country as per the demand and development. “We have factories in different countries, including China and India. Now, we are considering setting up factory in Bangladesh due to lots of potentialities in the market,” he added.
