Samsung to start manufacturing its phones in Bangladesh soon
|Samsung to start manufacturing its phones in Bangladesh soon|
Samsung has signed a partnership agreement with Fair Electronics to manufacture its smartphones in Bangladesh and is expected to start production in the second week of May.
The first batch of factory production will arrive in the local market in June with the words "Made in Bangladesh".
Fair Electronics has opened a new factory in Narsingdi on an area of more than 5,000 square meters with three production lines with more than 500 employees to produce a few thousand smartphones per month.
Samsung aims to meet domestic demand in particular, with 26% of the country's smartphone imports coming from Samsung.
The Korean company will supply the factory with telephone components, train workers and provide quality inspection services for finished products. The plant will initially focus on low and medium specifications models and will gradually expand to cover high-end and leading phones.
When Samsung manufactures its phones in Bangladesh instead of exporting them from China, it reduces its taxes from 29.50 to 10 percent. This reduction will positively affect prices and also Increase competition in the country.
Samsung is also starting to manufacture its phones locally in India for the same reasons as the government is imposing increased taxes on smartphone imports.