China-BD JV company to invest $2.0m at Summit Technopolis

Hi-tech mobile phone, router, charger plant to be set up in Gazipur

FE Desk | Published: July 08, 2018 22:22:02

Summit Technopolis Managing Director Abu Reza Khan and Deputy Managing Director of Banglatronics Technology Iqbal Hossain Mozumder signing a deal in the capital recently for investment outlay of about $2.0 million initially, to be raised up to $15 million in phases with Summit Group Chairman Muhammed Aziz Khan and Managing Director and CEO of Summit Power International Ayesha Khan present

Banglatronics Technology, a China-Bangladesh joint venture company, will invest US $2.0 million at Summit Technopolis, a subsidiary of Summit Group, says a statement.
In this regard, an agreement was signed between the Summit Technopolis and Banglatronics Technology in the city recently.
Under the agreement, Banglatronics Technology will invest $2.0 million at Summit Technopolis for setting up a hi-tech assembly and manufacturing plant of mobile phone, router, charger and other related products.
The statement said the plant will be set up at the Factory Building of Summit Technopolis at Kaliakoir in Gazipur district.
Summit Group Chairman Muhammed Aziz Khan and Managing Director and Chief Executive Officer (CEO) of Summit Power International Ayesha Khan were present at the agreement-signing ceremony.
Besides, AMD of Summit Corporation Faisal Khan, Operation Director (HQ) of DTC James Yuk, Managing Director of
Banglatronics Technology Engineer Mojibur Rahman, Director, Finance, Engr, Imrul Hasan and other senior officials of both companies were also present.