Bangladesh’s Symphony starts smartphone export to Nepal

[Black_cats]

Bangladesh’s Symphony starts smartphone export to Nepal​

Staff Correspondent | Published: 21:15, Jan 22,2022 | Updated: 21:57, Jan 22,2022

https://www.newagebd.net/article/160680/bangladeshs-symphony-starts-smartphone-export-to-nepal

The photo taken on Saturday shows an inner view of Symphony’s handset manufacturing factory at Ashulia in Dhaka. – New Age photo.
Bangladeshi mobile handset manufacturer Symphony on Saturday officially launched export of locally manufactured smartphone of its own brand to South Asian country Nepal.

The company also announced that the smartphone manufacturer would expand export of Symphony-branded and locally manufactured handsets to Vietnam, Sri Lanka, Nigeria and Oman by this year.

The announcements were made at an event organised by the entity at Symphony’s handset manufacturing factory at Ashulia on the outskirt of Dhaka.
Posts and telecommunications minister Mustafa Jabbar, its secretary Md Khalilur Rahman, BTRC chairman Shyam Sunder Sikder, its director generals Brigadier General Md Nasim Parvez, Brigadier General Mohammad Moniruzzaman Jewel, and Symphony managing director Jakaria Shahid spoke at the event.

Jakaria said, ‘The first consignment was made in October 2021 when 15,000 smartphones were exported to Nepal but the company could not make announcement officially at that time due to the ongoing coronavirus situation and that’s why we are making it now.’

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Another consignment of 10,000 Symphony-branded smartphones would be sent to Nepal today, he said.

As locally-grown company, Symphony has become the second company after Walton to start export of locally manufactured mobile handsets from Bangladesh.

Jakaria also said that the manufacturing unit in Ashulia had capacity to manufacture 10 lakh handsets a month by utilising its existing capacity, but the output could be increased further.

Mustafa Jabbar hopped that Symphony would not only able to export in five countries but also be able to spread everywhere across the world.
Bangladesh once would be able to export technology to other countries for mobile manufacturing as well, he said.

At present, exporters receive 10 per cent cash incentive against export of handsets manufactured in Bangladesh.

 

[GumNaam]

well done.

 

[Bilal9]

As locally-grown company, Symphony has become the second company after Walton to start export of locally manufactured mobile handsets from Bangladesh.

This is the important part. If Bangladeshi made mobiles can win against other mobiles in this market - then it will be a nice test case, though volume maybe small.

Next will be part of a larger market like India itself - like NE and Eastern states, where better product support can be offered.

 

[bluesky]

This is the important part. If Bangladeshi made mobiles can win against other mobiles in this market - then it will be a nice test case, though volume maybe small.

Next will be part of a larger market like India itself - like NE and Eastern states, where better product support can be offered.

But India may not open its doors for technology products from Bangladesh. Indians believe BD as 3rd country and India is 1st rate country in Europe. Indians remain insular to its neighbors.

 

[Bilal9]

But India may not open its doors for technology products from Bangladesh. Indians believe BD as 3rd country and India is 1st rate country in Europe. Indians remain insular to its neighbors.

Yes delusions are very real in India in some quarters.

I believe however Bangladesh will be using our market leverage and using tariff and non-tariff barrier instruments (e.g. extra duty based on dumping accusations) in dis-allowing Indian imports just like India does now for our exports to their market (their NTB's are based on baseless reasons).

Tit-for-tat measures work wonders to open up markets like Indian ones (Raton-e raton bujhe). They have a lot more to lose, unlike us. I am seeing this indication as our import sources are getting more and more diversified and India's sole supplier advantage erodes.

Last year Indians allowed 100% more Bangladeshi imports into their market (e.g. mostly apparel) and total exports exceeded $2 Billion for the first time. Do you think Indian ministries grew a fondness for Bangladeshi goods all of a sudden. Achanak Mohabbat aisha galo? I doubt it.

Compared to our exports to most major market this is paltry - but Indians are learning. Let them learn.

Technology items like cellphones will have a lot more demand than apparel.

Pretty soon they'll be running to the WTO, not us - as we take a gradually tougher stance.