This deal will allow Amazon to take all kinds of Walton products. But initially, Walton brand laptops, computers, mobile phones and home appliance products will be sold in the American market, says a press release.
The agreement was signed on Thursday (August 22, 2019) at the corporate office of Walton in Dhaka where State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak was present as chief guest.
Shashank Pandey, Country Manager of Amazon BD and Engineer Liakat Ali, Executive Director of Walton Group and CEO of Computer Products Division signed the agreement on behalf of their respective organizations.
Vice-Chairman of Walton Hi-Tech Industries Limited S M Shamsul Alam, Managing Director S M Ashraful Alam, Walton Corporation Chairman S M Mahbubul Alam, Walton DG-Tech Industries Limited Chairman S M Rezaul Alam, Managing Director of the RB Group of Companies Tahmina Afrose Tanna, Managing Director of Walton Chemical Industries Raisa Sigma Hima and president of international business unit of Walton Group Edward Kim along with the top officials of Amazon and Walton were present on the occasion.
State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak along with high officials of the two companies spoke at the signing ceremony of MoU between Amazon and Walton.
Tamarind EX, a new model of Walton laptop, was also unveiled on the occasion.
Speaking on the occasion, Zunaid Ahmed Palak said, ‘Products made in Bangladesh are going to the American market. This is not only a historic day for Walton, but also for Bangladesh as well. It’s historic day for digital Bangladesh. Walton products are being exported to the country which lead 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 Bangladesh a digital country, he added.
Shashank Pandey said, ‘Today is an important day for Amazon, Walton and Bangladesh. There is a global demand for the products made in Bangladesh. Through this deal, Walton products will be available on Amazon's global platform.’
State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak unveils Tamarind EX, a new model of Walton laptop.
Speaking on the occasion, Edward Kim said that Walton's target is to build a strong position in the global market through the export of $1 billion worth products. Therefore, in addition to its own brand, emphasis has been given on increasing the volume of business in the international market through OEM (Original Equipment Manufacturer).
This deal with Amazon is opening up Bangladesh’s products to the American market that will pave the way for Walton to become one of the world's top brands by 2030.