Business Desk : Standard Chartered Bangladesh has recently completed the first Indian Rupee (INR) denominated trade transaction for Walton Hi-Tech Industries PLC, a concern of the Walton Group, to facilitate refrigerator and freezer exports to India.
This is the first BDT-INR export transaction for Bangladesh’s electronics industry, the multinational bank said in a press release yesterday.
The event is a symbol of inspiration, collaboration, innovation and a matter of pride for the nation, said Naser Ezaz Bijoy, CEO of Standard Chartered Bangladesh.
Whilst this will have the benefits of simplified conversion, faster transaction timelines, this is a start which bears tremendous potential for the future, he said.
“We are proud to partner with Walton on this endeavour.”