BD, Korea to jointly manufacture LED electronics goods

Dhaka,  Thu,  29 June 2017
Published : 21 Apr 2017, 22:08:21
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BD, Korea to jointly manufacture LED electronics goods

Bangladesh and Korea will jointly manufacture LED electronics goods from January next in the country, reports BSS.

To this end, a memorandum of understanding (MoU) was signed between the Korean WAO SUN-E LED Company Limited and Sumit Technopolish Limited on Thursday at a city hotel.

ASM Shamsuddoha Chowdhury, Managing Director of WAO SUN-E LED Company Ltd and Abu Reza Khan, Managing Director of Sumit Technopolish Ltd, signed the MoU on behalf of their respective companies.

State Minister for Information and Communication Technology (ICT) Zunayed Ahmed Palak attended the programme as the chief guest.

The function was also attended, among others, by Advisors of the Wao group Lieutenant General (retd) ATM Jahirul Islam, M Mahmud Hossen, Chief Executive Officer (CEO) Nasiruddin Mahmud and company President Lim Hung Sue.

Under the MoU, the Sumit Technopolish Ltd has allocated 2.75 acres of land for establishing a factory of the WAO group at the Bangabandhu High-tech Park.

Bangladesh and Korea will jointly start the LED electronics goods production in the country through the WAO SUNE LED CO. LTD from January 1 in 2018 with an investment of Taka 2.80 billion.
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