BE Magazine

News Snippets
Monthly business magazine
9
News Snippets
Samsung Bangladesh to assemble Galaxy products
Samsung Bangladesh will start assembling its Galaxy-branded flagship products within the next few months.
Samsung Bangladesh and its assembly partner Fair Electronics Ltd set up their mobile plant in Narsingdi
two years ago and began assembling a range of 4G smartphones in June last year. The plant is currently
assembling products that account for 96% of Samsung’s smartphone sales in Bangladesh. Samsung is the
top player in the smartphone segment in Bangladesh, with a 31% market share in terms of volume and 48%
share in terms of value. Samsung Bangladesh and Fair Electronics Ltd informed at a press conference in
Dhaka in October that no Samsung mobile handsets will be imported to Bangladesh after March next year
as its local plant is capable of meeting the domestic demand entirely.
Japan has been the single biggest
bilateral development partner for
Bangladesh. The amount of Official
Development Assistance (ODA)
to Bangladesh from Japan During
last year was US$ 1.8billion.
Mr. Kazuo Nishitani, General
Secretary of Japan-Bangladesh
Committee for Commercial and
Economic Cooperation recently
expressed his view that people
in Bangladesh have a very “high
level of seriousness and skills”
with stable political and economic
growth, making Bangladesh a
good destination for investment.
Japanese Economic Zone
(Araihajar EZ) is now attracting
more investment from Japan to
Bangladesh.
Japanese companies showing
interest in Bangladesh
december, 2019
Monthly business magazine