ABB takes part in Bangladesh-Switzerland Business Forum

2018-02-13 - Presided over by Swiss President Alain Berset, the forum discussed investment and trade relations between the two countries

ABB was invited by Bangladesh Investment Development Authority, to join the Bangladesh-Switzerland Business and Investment Forum in Dhaka on February 5, 2018. Harikishan Narayanan, Country Managing Director of Bangladesh, represented ABB at the forum where Alain Berset, The President of Switzerland, was the guest-of-honor, together with several delegates from the Federation of Bangladesh Chamber of Commerce and Industry and the Embassy of Switzerland in Bangladesh.

ABB participated in a panel discussion titled “Broader Engagements with Europe”, presenting its pioneering technologies and vast experience, while reaffirming its commitment to partner with Bangladesh on its growth journey.

“Bangladesh is well on its way to becoming a middle-income country; ABB can enable Bangladesh to leapfrog the technology revolution with technologies that enhance productivity in manufacturing, make infrastructure smart and enable stronger and more efficient grids, and is ready to play a key role in supporting the country to achieve sustainable growth momentum”, said Hari during the discussion.

The main purpose of the President’s visit was to strengthen bilateral relations between Switzerland and Bangladesh and to explore business and cultural prospects. At the forum, President Berset emphasized Switzerland’s continued support to Bangladesh’s progress and development efforts and expressed his optimism about Bangladesh meeting its growth ambitions.

Last year, ABB signed a memorandum of understanding (MoU) with the Power Ministry and the Swedish Embassy to run pilot projects with five power utility firms to introduce them to innovative power solutions to digitalize their grids and make them more reliable and efficient.

ABB has been present in Bangladesh since the inception of the country in 1971 and established its first liaison office in 2003. Today, it employs over 60 staff across 3 locations, and its footprint includes a manufacturing facility for low voltage panels and service stations for low voltage drives and turbochargers.