Toshiba
Corporation has recently announced that its Singapore-based wholly owned
subsidiary, Toshiba Asia Pacific Pte. Ltd., has established a branch office in
Dhaka, in the People’s Republic of Bangladesh. The new office will allow
Toshiba to establish a stronger presence in Bangladesh and to support the
country’s continued economic development. The Bangladesh Liaison Office will
open in June 1.
Bangladesh’s
annual economic growth rate has surpassed five percent for the past ten years,
and the country ranks eighth in the world in population, with approximately 1.5
billion people. The economy is expected to continue to grow and to present many
business opportunities, particularly in the infrastructure required to support
economic expansion, including power generation, transmission & distribution
and urban transportation.
Through
the new office, Toshiba will collect market information that will support it in
contributing further to Bangladesh’s infrastructure improvement.
Toshiba’s
track record in Bangladesh extends from supplying steam turbine and generators
for the Ghorashal power plant in 1970 to provision of medical diagnostic today.
The opening of the Bangladesh Liaison Office provides Toshiba with a regional
presence extending from India through the ASEAN counties, and will support
promotion of the infrastructure business. (Source: press release)