Dhaka, April 21, 2017 (BSS)- Bangladesh and Korea will jointly manufacture LED electronics goods from January next in the country.
To this end, a memorandum of understanding (Mou) was signed between the Korean WAO SUN-E LED Company Limited and Summit Technopolis Limited on Thursday at a city hotel here.
ASM Shamsuddoha Chowdhury, Managing Director of WAO SUN-E LED Company Ltd and Abu Reza Khan, Managing Director of Summit Technopolis Ltd, signed the MoU on behalf of the respective companies.
State Minister for Information Communication and Technology (ICT) Zunayed Ahmed Palak attended the programme as the chief guest.
The function was also attended, among others, by Advisors of the Wao group Lieutenant General (retd) ATM Jahirul Islam, M Mahmud Hossen, Chief Executive Officer (CEO) Nasiruddin Mahmud and company President Lim Hung Sue.
Under the MoU, the Summit Technopolis Ltd has allocated 2.75 acres of land for establishing a factory of the WAO group at Bangabandhu High-tech Park.
Bangladesh and Korea will jointly start the LED electronics goods production in the country through the WAO SUNE LED CO. LTD from January 1 in 2018, with an investment of Taka 280 crore.