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Local electronics manufacturer brand Walton has received an order of about Tk 2.5 billion from the tech expo 'ATS Expo 2023' held from August 10 to 12 at the Walton Hi-Tech Industries PLC.
The sole-company industrial fair hosted by Walton received the response from domestic and foreign companies, Managing Director and CEO Golam Murshed disclosed this at a post-fair press conference on Thursday.
The press conference was also attended by, among others, Walton Hi-Tech Industries' Chief Marketing Officer Didarul Alam Khan, Senior Executive Directors Md. Tanvir Rahman, Tofail Ahmed and Mohammad Shahjada Salim, Senior Deputy Executive Director Rabiul Islam Milton.
Golam Murshed said of the total orders, 50 per cent were from backward linkage industries. Most of the foreign orders come from neighbouring India.
“At the International Advanced Components and Technology (ATS) Expo-2023, we received huge responses beyond our expectations,” he added.
Walton received about US$ 13 million worth of export orders for refrigerators and components from an authorised licensee of the global brand Hyundai in India and a well-known electronics product marketing company in West Bengal.
In addition, The ATS expo also recorded Tk 500 million worth of orders for home appliances and components.
“We will organise this industrial fair every year so that the domestic industrialists would no longer have to go abroad for their industrial raw materials, components and testing solutions. Now, Bangladesh is quite self-sufficient in manufacturing world-class industrial materials and components,” he continued.
Golam Murshed also said the main objective of organising the ATS Expo was to increase the empowerment of the domestic industry by reducing the country's import dependency by providing quality components, industrial materials and testing solutions to the domestic industries.
At the expo, more than 50,000 industrial materials, components, services and testing facilities manufactured by Walton have been showcased at a total of 21 stalls in 4 categories.
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