SydneySun International and its technology partner Dahua of China will invest $5 million at Summit Technopolis in the Bangabandhu Hi-Tech City in Gazipur to build the country’s first CCTV equipment manufacturing plant.
Abu Reza Khan, Managing Director of Summit Technopolis and Sagor Kumar Tito, Managing Director of SydneySun International, yesterday signed a ground lease agreement to set up the factory on one acre of land, Summit Group said in a press release.
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Construction of the prefabricated semi-disassembled CCTV equipment factory will begin soon and is expected to be operational by January 2021.
Initially, SydneySun is expected to employ around 90 Bangladeshi engineers as well as 10 foreign experts. The products produced will be sold in local and foreign markets.
Established in 2004, SydneySun International is the distributor of video security and surveillance solutions and is the only authorized distributor of Dahua Technology of China.
It has deployed city surveillance in Cox’s Bazar and end-to-end solutions for Bangladesh Traffic Police Central Command, the press release said.
Hosne Ara Begum, Managing Director of Bangladesh Hi-Tech Park Authority, and Md Shahid-ul-Munir, Chairman of Bangladesh Computer Samity, were present at the signing ceremony.
Summit Group Vice President Latif Khan and Directors Fadiah Khan and Salman Khan attended the meeting virtually.