South Korean wiring hulk LG Electronics as well as internal Butterfly Marketing have been expected to set up a bureau with a sum investment of $500 million to arrange wiring products in Bangladesh, according to an official.
The initial proviso of a plan will begin subsequent year with a corner try entity to arrange refrigerator, Mustafizur Rahman Shazid, executive (sales & marketing) of LG products distributor Butterfly Marketing Ltd, told The Daily Star by phone.
A series of wiring products such as television, x-ray oven, air-conditioner, soaking appurtenance as well as alternative home appliances will be done during a bureau to support to a internal market, right away flourishing during 10-15 percent a year, according to a official. The bureau will be set up during Bhaluka in Mymensingh, pronounced Shazid.
He pronounced a bureau will occupy around 5,000 people in a county after a execution of a project.
Earlier in a day, a commission of LG Electronics called upon Industries Minister Dilip Barua during his bureau as well as common a goal to deposition in Bangladesh, according to a have a difference released by a industries method yesterday.
LG Electronics Vice President Junhwan Kim was present, between others, during a meeting. The commission appealed to a supervision for allocating 100 acres of land in a special mercantile section that a supervision skeleton to settle in destiny to foster investment.