Page 55 - November 2020

GOLAM
MURSHED
Managing Director
Walton Hi-Tech
Industries Limited What are the challenges with expert engineers from Italy,
that the electronics Korea and Bangladesh, who are
manufacturing industry is working on products' designs and
facing that might impede quality standards considering the
future growth? world's each market. Similar
The current government has initiatives are also on the cards of
prioritised transforming other regions of the world,
Bangladesh into a including America, Europe,
manufacturing-based economy Australia, Middle East and Africa.
from primarily agricultural with
the aim of becoming a Walton is currently the
middle-income country by 2021. leading exporter of
Concurrent policy support and electronic products from
infrastructure development have Bangladesh. Can you
facilitated the robust growth of the share some details about
local manufacturing sector. your export portfolios?
Walton has been visionary in Walton has been exporting wide
utilising government incentive in ranges of products which are
establishing the leading electronics ‘Made in Bangladesh’ to more than
manufacturing brand in the 40 countries in the regions of Asia,
country. Bangladesh government's Middle East, Africa and Europe.
strong policy support has been Among its wide range of products,
pivotal in Walton's rise. Walton is exporting refrigerator,
To ensure sustainable growth, the television, air conditioner,
government must continue its compressor, laptop, smartphone,
policy and support to the local washing machine, electric fan,
electronics manufacturing microwave oven and various sorts
has become a trusted brand in the industry. of home, electronics and electrical
domestic market, confidence appliances.
generated on investors. How crucial has been the
Mentionable, Walton Hi-Tech was establishment of role of innovation behind What is your vision of the
listed in the capital market with manufacturing unit Walton Walton's rise as the future with Walton?
the highest EPS recorded during Hi-Tech Industries Limited at country's top electronics As the company's managing
the IPO. Walton Hi-Tech's Chandra, Gazipur was the director, I have planned my future
performance over the decade and turning point of the sector in manufacturer? Can you tasks in line with my vision to turn
future potential are the primary our country. please share some details Walton into one of the top five
Walton has recently reasons behind such enthusiasm times higher shares against the It paved the way for about your R&D global electronics brands by 2030.
operations?
made a remarkable from the investors. The quality allotted shares. Bangladesh to become Innovation has been the key for Therefore, we are focusing on
self-reliant on electronic
debut on the stock and reliability of the products On the back of such a response, I products and facilitated a Walton in ensuring customer expanding the exports to developed
market; its price has hit have enabled us to secure more believe the listing of Walton robust growth of the domestic satisfaction and becoming the nations, including Australia, USA
the ceiling every day than 70 per cent market share in Hi-Tech Industries will play a manufacturing sector. leading Bangladeshi electronics and Europe.
Concurrently, Walton is
since the trading began. the domestic electronics market. pivotal role in restoring consumer The emergence of the local brand. We are strongly committed emphasising on partnering up with
Walton Hi-Tech is poised for
What factors do you substantial future growth as it confidence in the stock market electronics manufacturing to producing high-quality products the leading brands in the
believe have contributed has been making strong and make it more appealing for industry accelerated the with state of the art technology. individual international market to
to such favourable views footprints on the global market future investments. country's industrialization Walton has been making expand the export business .
from the investors? Can through carrying out export process, created substantial considerable investments in R&D We have been successful in taking
Walton play a pivotal role operations in more than 40 How important is it for employment opportunities (Research and Development) from the "Made in Bangladesh" label to
in regaining investor countries. Bangladesh to locally and contributed to the the inception of its journey, new markets across the world. The
confidence in the stock Despite the pandemic, Walton manufacture electronic country's current account including the establishment of the International Business Unit (IBU)
market which doesn't witnessed higher profits in the products as opposed to balance by eliminating the country's largest R&D centre. We of Walton made a milestone in
have a glorious history first nine months (July-March) of importing from abroad? necessity to spend foreign have set up an individual R&D expanding exports to Europe's
when it comes to the current fiscal year compared What is the size of the currency on imported department for each of the potential markets, including
conserving investor's to the previous year's market? products. Conversely, we are products our brand offers. They are Germany, Poland and Greece.
confidence? corresponding period. Manufacturing electronics locally earning money through the equipped with state of the art
Yes, we witnessed an incredible As a result, Walton IPO is essential for Bangladesh. There exports of finished products facilities and some of the most
trading debut of Walton Hi-Tech subscription received an was a time when the demand for which are enhancing highly-skilled engineers in the
Industries shares on the stock application from the general the electronics sector was entirely Bangladesh’s image as a country. Concurrently, Walton
market. Over the period, Walton investors for more than nine dependent on imports. The manufacturing hub. formed an outstanding R&D team

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