Local electronics giant Walton is going to enter Turkish market with the company’s ‘Made in Bangladesh’ labelled compressors, undoubtedly a big opportunity for the local brand to expend their export market to Europe. According to an agreement signed with the Turkish company ‘Kargi’ on Tuesday, the local brand launched the first shipment of its compressor export to Turkish, a press statement said. Commerce Minister Tipu Munshi inaugurated the export through a virtual programme arranged by Walton at its corporate headquarters in the capital. Turkish brand Kargi inked an agreement with Walton to be a distributor of Walton brand products in Turkish market. Edward Kim, president for international business unit of Walton Group, and Emin Kargi, managing director of Kargi, signed the deal on behalf of their companies. Kargi, one of the leading Turkish marketing brands, deals with imports, exports and marketing of hi-tech spare parts for domestic and industrial products with comprehensive range of customer portfolio throughout Turkey and also abroad specially in Europe. The virtual conference was addressed by National Board of Revenue (NBR) Chairman Abu Hena Md. Rahmatul Muneem, Commerce Secretary Md. Jafar Uddin, Turkish Ambassador in Dhaka Mustafa Osman Turan, Bangladesh Ambassador in Turkey M Allama Siddiki, Walton Hi-Tech Industries Limited Additional Managing Director Engineer Golam Murshed, Walton Compressor’s Chief Executive Officer (CEO) Engineer Meer Muzahedin Islam and Walton Laptop’s CEO Liakat Ali. The conference was moderated by Walton’s Executive Director Firoj Alam. Congratulating Walton on exporting compressor to Turkey, Commerce Minister Tipu Munshi said, “Walton is really a giant in the electronics sector of Bangladesh. I believe one day Walton would become the leading global brand and the export volume of Bangladesh’s electronics products to Europe, America and other developed countries will increase.” Terming the compressor as a great initiative, NBR Chairman Abu Hena Md Rahmatul Muneem said, compressor is also a new export item. Walton is contributing to not only increasing the government revenues but also creating huge employment. Emin Kargi said, “I was pleased witnessing the high quality of Walton compressors that were sent as samples. Thus, I were expressed my keen interest to be a distributor of Walton compressor. Today, I am very happy for becoming a Walton brand’s distributor.” Delivering the welcome speech, Edward Kim said that Walton is moving ahead with its single goal- to be the amongst top 5 global electronics brand in the world. The compressor export to Turkey would a milestone towards achieving this goal, he added. Congratulating Kargi for becoming an exclusive overseas distributor of Walton brand, Kim said, “Turkey, being known as business hub of Eurasia, I expect that this initiative will pave the way of expanding our compressor market not only in Turkey but also across the Europe.” Meer Muzahedin Islam, CEO compressor, Walton, said the company is manufacturing world’s most ‘silent and durable’ compressor by using German technology. Islam noted that the full-fledged Walton’s compressor manufacturing factory is well-equipped with international standards testing lab, research and development department, metal casting foundry.
