Walton aims for $1bn export earnings within 10 years

[UKBengali]

Samsung doesn't seem too interested in Bangladesh, given the size of investment.

18,000 square feet & 300 units a day ?

That is 100,000 a year and 10% of BD market of 1 million TVs sold each year

Samsung needs to establish itself before it manufactures more TVs. No point producing TVs that it cannot sell.

Fact is that Walton can beat a company like Samsung in the BD market.

 

[gslv mk3]

That is 100,000 a year and 10% of BD market of 1 million TVs sold each year

Samsung needs to establish itself before it manufactures more TVs.

So only 1 million television sets are sold in Bangladesh every year ?

Samsung have started localization given high import duties, let's see what happens...

 

[Species]

Import duty for refrigerators in India is 7.5% in India, compared to 25% in Bangladesh.

Please don't post fake numbers just to win an argument. That just shows the lack of any class in you.

Import duty on refrigerators in India is 36% (basic 20%, CVD 12%, Spl CVD 4%). Add to that another 15% state tariffs plus scores of non-tariff barriers on imports.

There is no data available from any third party market research to substantiate the 2 million per year claim.

The figure for both Bangladesh and India are sourced from local reports, there is no third party research for any of the claim.

And 30% of Indian households own a refrigerator compared to 20% in Bangladesh..

Another fake stat. Ownership of consumer electronics in Bangladesh is around 85% in urban areas and 70% in rural areas. Ownership of refrigerator is around 55%.

https://www.thedailystar.net/business/news/rural-demand-drives-fridge-sales-1636753

IFB is the market leader in front loading washing machine, having 40% market share.

Voltas is presently the leader in Indian AC market. Voltas, Lloyd & Blue star together have over 48% market share.

Washing machines and ACs are the least common home appliances in India and only limited to urban middle class. The vast majority of electronics home appliances sector is occupied by the refrigerator and TV markets which are mainly dominated by foreign companies.

 

[gslv mk3]

The market share of Indian electronics brands fell from 90% to less than 15% within a couple of years

IFB is the market leader in front loading washing machine, having 40% market share.

Voltas is presently the leader in Indian AC market. Voltas, Lloyd & Blue star together have over 48% market share.

 

[gslv mk3]

The figure for both Bangladesh and India are sourced from local reports, there is no third party research for any of the claim.

Data from India Brand Equity Foundation- an independent body funded by Indian ministry of commerce- shows that nearly 12 million refrigerators were produced in India in 2017-18.

https://www.ibef.org/industry/indian-consumer-market/infographic

I don't see such reports from trade bodies of Bangladesh- I don't consider Walton's claims as a reliable source.

Please don't post fake numbers just to win an argument. That just shows the lack of any class in you.

Import duty on refrigerators in India is 36% (basic 20%, CVD 12%, Spl CVD 4%).

It's 7.5%, 12% & 4%.

http://www.cybex.in/indian-custom-d...gerating-Freezing-Equipment-Hs-Code-8418.aspx

In India, the CVD is imposed as additional duty of customs on imported products when such products are given tax concession at the country of their origin.

Same with BD..

http://bdlaws.minlaw.gov.bd/sections_detail.php?id=354&sections_id=20138

Also...

The Additional Duty of Excise or CVD and the Special Additional Duty or SAD presently being levied on imports will be subsumed under GST.

http://pib.nic.in/newsite/PrintRelease.aspx?relid=148240

BTW in Bangladesh...

http://www.bangladeshcustoms.gov.bd/users/search_operative_tariff?description=8418.29.00

http://www.bangladeshcustoms.gov.bd/users/search_operative_tariff?description=8418.10.00

Even for parts...

http://www.bangladeshcustoms.gov.bd/users/search_operative_tariff?description=8418.99.10

Explains why that LG refrigerator is 70% costlier in Bangladesh.

Another fake stat. Ownership of consumer electronics in Bangladesh is around 85% in urban areas and 70% in rural areas. Ownership of refrigerator is around 55%.

That's quite believable given that Bangladeshi GDP per capita (PPP) is just $3800.

Great story anyway...

Washing machines and ACs are the least common home appliances in India and only limited to urban middle class

3.2 million ACs & 5.8 million washing machine are produced in India. That's not a small amount.

 

[bluesky]

Please don't post fake numbers just to win an argument. That just shows the lack of any class in you.

Import duty on refrigerators in India is 36% (basic 20%, CVD 12%, Spl CVD 4%). Add to that another 15% state tariffs plus scores of non-tariff barriers on imports.

Yes, exactly. This guy sends a link but keeps on fabricate the data in it. Indians are pathological liars.

 

[gslv mk3]

Yes, exactly. This guy sends a link but keeps on fabricate the data in it. Indians are pathological liars.

Read the post above, Mr. Computerized-lathe-operator.

 

[Bilal9]

The volume of refrigerator market in Bangladesh is worth more than 2 million units per year 95% of which are met by local manufacturers. In India, it is 9 million units per year, proportionately lower than Bangladesh, that too mainly dominated by foreign brands because of the sub-standard quality of Indian companies.

Tariffs (import duties, anti-dumping duties, state tariffs) imposed by India on imported products are more than 40%, way higher than Bangladesh.

Thanks for clarifying the facts, I got really tired of dealing with dense RSS idiots from India who don't get basic facts.

He keeps harping on that Refrigerator penetration in India is way higher than Bangladesh, but he hasn't been to Bangladesh.

Their population is 7 times higher but refrigerator purchases are only 4.5 times higher.

I have been to India. Most of these purchases are of the miserly 200 liter fridges variety most middle class urban people use. Even in villages in Bangladesh people have fridges all over the place.

We should ask these RSS idiots to provide the refrigerator sector data but I've seen the real picture already.

 

[gslv mk3]

He keeps harping on that Refrigerator penetration in India is way higher than Bangladesh, but he hasn't been to Bangladesh

I have been to India.

Wah wah, one can assess the penetration of consumer durables in a country simply visiting that country...???

Seriously then why don't you dissolve BBS ? Their 'statistics', surveys & census aren't needed, right ?

"I have seen" "I have heard" logic STRONK...

Refrigerator penetration in India is way higher than Bangladesh

Refrigerator penetration in India- 30% (source: NFHS survey)
Refrigerator penetration in Bangladesh -20%(Source: link posted by you)

What is this, some dual personality disorder ?

Even those figures doesn't sound too accurate.

The sales of TVs, smartphones etc in India are 2 times that of Bangladesh...

So the figure must be even lower for Bangladesh.

I have been to India

Working as a house-maid in India & surveying every Indian home are two different things, Princess Billu

Their population is 7 times higher but refrigerator purchases are only 4.5 times higher.

Local production in 2017 & 2018 alone is 11.8 million units, factor the imports now.

And we were doing that figures consistently- even in 2014, when your consumption was mere 1 million...and less than a million in 2013.

A temporary spurt do not indicate any long term trend.

Most of these purchases are of the miserly 200 liter fridges variety most middle class urban people use.

Yes, and Bangladeshis buy those huge 600 litre plus models to store ''those humongous meat portions during eid"...

And then reports came out that Bangladesh have lowest per capita consumption of meat...

I had asked you to provide data wrt Bangladeshi refrigerator sales model size- wise. That must be too difficult for a Bangla-deshi right ?

Another case of "80 taka tea", which majority of Bangladeshis drink daily...: omghaha:

Even in villages in Bangladesh people have fridges all over the place.

Yes, given the fact that;

• Your per capita GDP PPP is nearly half of that of India...

• smartphone penetration is less than 60% of India...

• 1/3rd internet penetration of India.

• 70% of your mobile phone users use <2000 taka feature phones...

• TV sales is per capita half of that of India...

• Motorcycle sales is 1/8th per capita of Indian sales...

...We all know what kind of refrigerators you lot can afford...

Making up feel-good stories won't help you.

 

[Bilal9]

Washing machines and ACs are the least common home appliances in India and only limited to urban middle class. The vast majority of electronics home appliances sector is occupied by the refrigerator and TV markets which are mainly dominated by foreign companies.

I agree but washing machines made by IFB - the front loader variety mentioned (typically 6.5 to 7 kg wash-load capacity), are only affordable by a limited number of upper-middle to upper class people in India at price-tag of 25,000 rupees .

These longstanding designs (which haven't changed for decades) - are almost all ex-Bosch European market luxury type designs which Bosch licensed to IFB, still Indians really have very bad impressions about their own IFB brand vs. Bosch in that market segment.

IFB had a tieup/JV with Bosch in their happier times, then like greedy schemers like Indian businessmen are, they got rid of the Bosch partnership somewhat pre-maturely and their quality as well as customer service fell apart, see here,

https://www.bcmtouring.com/forums/threads/which-front-loading-washing-machine-to-buy.50602/page-3

Nowadays - as is predictable, foreign brands like Bosch, LG and Samsung sell far more washing machines in India and Indians mostly pay for cheap top loader Asian style washing machines, and price-tag is around 10 to 12,000 Rupees for local brands like BPL and over 20,000 Rupees for foreign brands like Bosch and Siemens. These types of machines (but obviously not Indian brands) are also popular in Pakistan and Bangladesh.

The following is a BPL machine made mostly with Chinese-designed parts, as is normal for the brands in this price segment.

Just for fun, check out the glowing reviews for this BPL machine in Amazon India.

https://www.amazon.in/BPL-Fully-Aut...ewpoints=1&filterByStar=critical&pageNumber=1

 

[gslv mk3]

These longstanding designs (which haven't changed for decades) - are almost all ex-Bosch European market luxury type designs which Bosch licensed to IFB, still Indians really have very bad impressions about their own IFB brand vs. Bosch in that market segment.

they got rid of the Bosch partnership somewhat pre-maturely and their quality as well as customer service fell apart

Bull-shitting yet again ??

IFB has around 39 per cent value share in front loading washing machines, ahead of LG India’s 32.6 per cent share, according to market tracker GfK’s data for June that tracks sales at both multi-brand and exclusive brand stores. IFB’s volume share in the category is around 40 per cent

https://retail.economictimes.indiat...ign-brands-like-lg-samsung-whirlpool/48260710

BPL machine made mostly with Chinese-designed parts

Yes and great 'Baalton' is a cleansheet design, designed fully by Bangladeshi engineers....

Importing a mothballed means that Bangladesh is some sort of Industrialized nation...

BTW, do you have engineers in the first place ??

 

[bluesky]

Read the post above, Mr. Computerized-lathe-operator.

Do not come here to do monkeying. say something about your two-century-old hand operated lathe machines for us to enjoy your real progress, bloody JATPAT, CHUTMARG low born India Acchyut!! You cannot produce anything with those machines and you buy quality Chinese products costing you billions of dollars every year. Stop bickering like a toothless widow!!

 

[Bilal9]

Do not come here to do monkeying. say something about your two-century-old hand operated lathe machines for us to enjoy your real progress, bloody JATPAT, CHUTMARG low born India Acchyut!! You cannot produce anything with those machines and you buy quality Chinese products costing you billions of dollars every year. Stop bickering like a toothless widow!!

Well said Bluesky bhai.

Indian industrial scenario per some trolls' account here, world class CNC machining centers,

Real scenario is closer to this,

 

[bluesky]

Hi, bloody @gslv mk3 monkey, in Japan this stupid heavy type is used in the commercial laundries including the Coin Laundries, and Indians use it for home washing of clothes? Indians certainly are living on thin air without a grain of knowledge of a modern world far away from India.

And, this type is used in the households throughout the civilized world away from Indian dream. Monkey, learn from others.

By the way, the post #74 shows the pictures of 300-year-old Indian lathe machines. We should send our engineers to learn about their arrival from Mars in which century.

 

[gslv mk3]

Even in villages in Bangladesh people have fridges all over the place.

Indians certainly are living on thin air without a grain of knowledge of a modern world far away from India.

Bangladesh Multiple Indicator Cluster Survey 2012-2013

http://mics.unicef.org/news_entries/15

And on page 5 of the document ...

Percentage of Bangladesh household that own

A television- 37.7%
A refrigerator - 14.2%



But 55% of Bangladeshi households own a refrigerator !!! That too 600 litre + models, which these Indians cant afford !!!

@LASER @kaykay @Bhoot Pishach @enquencher @itsanufy

Shameless Bongoloids now stand exposed... I don't think there is any scope of debate on this...

Do not come here to do monkeying. say something about your two-century-old hand operated lathe machines for us to enjoy your real progress, bloody JATPAT, CHUTMARG low born India Acchyut!! You cannot produce anything with those machines and you buy quality Chinese products costing you billions of dollars every year.

Indian industrial scenario per some trolls' account here, world class CNC machining centers,

India which have a huge automotive industry, a large heavy electrical equipment industry large enough aerospace industry, railways and many others, do not have & cannot produce anything on CNC machines ??

2-USPTO-patents-an year Retard-deshi intelligence strikes again..

India stands 8th in the consumption of machine tools in the world as per the 2017 Gardner Business Media survey

Seriously how stupid can Bangladeshis be ?

Don't worry, you'll be ranked in top ten countries which buy mothballed Chinese textile machinery...

Well said

Pic posted by you in your 'Made in Bangladesh' thread to "showcase" Bangladeshi industrial capability in machine tools...

This is the best your country can do...

Now deny this-we all know what kind of dishonest ill-mannered troll you are...