Walton celebrates winning ICSB and ICMAB awards for corporate excellence

Walton recently won the ICSB National Award for Corporate Governance Excellence for the fifth consecutive time and the ICMAB Best Corporate Award for the fourth consecutive year.

The country’s leading electronics and electrical conglomerate hosted an event, titled “Celebrating Corporate Award Achievements”, at its corporate office in Bashundhara, Dhaka on Saturday.

Md Habibur Rahman, deputy governor of Bangladesh Bank, attended the celebration as chief guest, according to a press release. 

Congratulating Walton, he said the company excels in product quality, technology, and affordability, surpassing many global brands. 

He added that Walton’s contribution to Bangladesh’s economy is significant, reducing import dependency and earning substantial foreign currency through exports. 

Rahman expressed optimism that Walton would strengthen its global presence by producing and exporting AI- and IoT-based high-tech products.

Prof Abu Ahmed, chairman of the Investment Corporation of Bangladesh (ICB), praised Walton’s well-managed factory, extensive workforce, and high production capacity. 

He noted that even 15 years ago, the electronics market in Bangladesh was dominated by foreign brands, but Walton has changed that landscape. By competing with foreign brands, Walton has achieved market leadership and continues to expand its capacity through regular investments.

SM Mahbubul Alam, managing director of Walton Hi-Tech Industries PLC, highlighted the company’s compliance in factory operations, production processes, workplace management, financial reporting, tax payments, and corporate governance.