Walton, Amazon sign deal to export products to USA

- A Monitor Report16 Sep, 2019 | 371 Views|-+
Dhaka : Walton teamed up with Amazon to expand its global reach by selling products of the Bangladeshi company through the platform of the American e-commerce giant.

Shashank Pandey, Country Manager of Amazon Bangladesh and Liakat Ali, Executive Director of Walton Group and CEO of its computer products division, signed a deal in this regard at the latter's corporate office in Dhaka on August 22.

Initially Walton-branded laptops, computers, mobile phones and home appliances will be made available for the US market, Augustin Sujan, Deputy Director of Walton said.

Tamarind EX, a new model of Walton laptop, was also unveiled at the event, which was also attended by Zunaid Ahmed Palak, State Minister for ICT as the Chief Guest, the company said in a statement.

"Products made in Bangladesh are going to the American market. This is not only a historic day for Walton, but also a historic day for Bangladesh as well. It's a historic day for Digital Bangladesh," said Palak.

"Walton products are being exported to the country that is leading the world's digital economy. This is a big achievement for us. I consider Walton not a private company but our national pride. They are making a significant contribution to the economy of the country. They are our partners in making Digital Bangladesh," he added.

"Today is an important day for Amazon, Walton and Bangladesh. There is a global demand for products made in Bangladesh," said Pandey.

Walton's target is to build up a strong position in the global market through the export of USD 1 billion worth of products, said Edward Kim, President, International Busi-ness Unit of Walton Group.

Along with promoting its own products, Walton is also working hard to increase the volume of business in the international market by turning up as an original equipment manufacturer, he added.

Original equipment manufacturer refers to a company whose goods are used as components in the products of another company, which then sells the finished item to users.

"This deal with Amazon is opening up our products to the American market that will pave the way for Walton to become one of the world's top brands by 2030," said Kim.

SM Shamsul Alam, Vice Chairman of Walton Hi-Tech Industries; SM Ashraful Alam, Managing Director, and SM Mahbubul Alam, Chairman of Walton Corporation were also present on the occasion.

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