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Zen Mobile set to venture into Bangladesh by April
11 January 2011: Zen Mobiles is all set to venture into Bangladesh by April 2011.
The company is likely to have a JV with the Bangladesh Government. An MoU will be signed between the Bangladesh Government and the company either in New Delhi or in Dhaka.
The company plans to set up an assembling plant with the capacity of one lakh phones per month in Bangladesh. However, informed that the place for setting up the plant had not yet been finalised.
Initially, the company was investing about Rs ten crore in Bangladeshi currency. However, entire budget is yet to be finalised.
Zen Mobile has ventured into Nigeria and Sri Lanka two months ago.
Source: Newkerala