Russia eager to invest in producing electronic and digital devices

In a significant development aimed at enhancing bilateral cooperation, Russia has expressed its interest in forming partnerships with Bangladesh and investing in manufacturing electronic and digital devices in Bangladesh.

A proposal in this regard was discussed at a meeting between State Minister for Posts, Telecommunications and Information Technology Junaid Ahmed Palak and Russian Ambassador to Bangladesh Aleksandr Mantytsky at the ICT Tower in Dhaka on Thursday.

Dr. Shahjahan Mahmood, Chairman of Bangladesh Communication Satellite Company Limited; GSM Jafarullah, Managing Director of the Hi-Tech Park Authority; and Mr. Oleg Cousin, Third Secretary of the Russian Embassy, were present at the meeting.

Ambassador Mantitsky extended his congratulations to Mr Palak, acknowledging the significant strides made by Bangladesh in the ICT sector and conveyed Russia's desire to become a partner in the ongoing development of this vibrant sector in Bangladesh.

Echoing this sentiment, the state minister highlighted the potential for expanding partnerships in the production of electronics and digital devices, alongside broader investment opportunities in both public and private sectors.

He drew attention to the substantial investments already made by South Korean and Chinese companies within the specialised zones of the Hi-Tech Park, illustrating the potential for further foreign engagement.