Rangs Electronics eyes top spot in domestic appliance producer
Rangs Electronics Limited has got an allotment of 32 acres of land in Bangabandhu Sheikh Mujib Hi-tech Park, Sylhet, where this company invests 80 million US Dollar to manufacture IoT products including Bravia Smart TV. The company plans to set up five factories in three years to manufacture refrigerators, television, air-conditioner, home, and kitchen appliances and moulding.
Bangladesh High -Tech Park authority formally allotted the land to Rangs through a signing ceremony this Sunday at the Pan- Pacific Sonargaon Hotel at the capital. Hosne Ara Begum, the managing director of hi-tech park authority and J Ekram Hussain, the managing director of RANGS electronics limited signed the agreement.
After signing this agreement, there will be a 'flashflood' of investment in Sylhet, expresses the optimistic State Minister, ICT, Zunaid Ahmed Polok.
If they work in a high-tech park, they will get 148 types of services through a one-stop service and 14 incentive facilities. The ICT department will always be by their side if they need any help, said ICT State Minister.
He also said, “Companies have promised to start their operations soon. According to the targets of the companies, we expect about 50,000 people to be employed there.”
Many local and foreign companies are interested in investing in the park as there is a huge potential to enter the Seven Sisters region of India from here.
“That is why we are taking initiative to acquire another more 640 acres of land in the vicinity of the park.”
Of this, 85 acres are under the proposal, Palak said.
“As per the instructions of the prime minister, we are no longer willing to be an import-reliant country. We now have to make our debut as an exporting country,” Palak added.
He also said, “Companies have promised to start their operations soon. According to the targets of the companies, we expect about 50,000 people to be employed there.”
Many local and foreign companies are interested in investing in the park as there is a huge potential to enter the Seven Sisters region of India from here.
“That is why we are taking initiative to acquire another more 640 acres of land in the vicinity of the park.”
Of this, 85 acres are under the proposal, Palak said.
“As per the instructions of the prime minister, we are no longer willing to be an import-reliant country. We now have to make our debut as an exporting country,” Palak added.
