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Local manufacturers produced 57.5 lakh smartphones from January to October this year, down about 27 percent from 78.5 crore units in the same period a year earlier

Feature phone production has more than doubled month-on-month in July as consumers turn to more affordable alternatives to smartphones amid sustained high inflation.

The grim scenario of the mobile manufacturing industry in Bangladesh continues to persist as local production plunged by half in the first six months of 2023, primarily due to the expanding grey market. 

Local production of mobile phones declined substantially in Bangladesh in April as manufacturers grappled with a massive drop in sales amidst the grey market’s expansion.

Players in the ICT industry of Bangladesh have urged the government to adopt long-term policies, which include extending income tax exemption for the sector by six years and incentivising exports of IT-enabled services (ITES).