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Pak fan-business gets a boost in BD
Karachi, Pakistan, BdChronicle:
The director of General Fan Company (GFC) of Pakistan, Mobin Ilyas, on Saturday said that the business of exporting fans of the country gets a boost in Bangladesh.
The Director came up with the remark during a meeting with Bangladeshi delegates comprising the Commercial Secretary of Pakistan High Commission in Dhaka as a part of the largest trade event of Pakistan, Expo-2017.
Mobin said GFC exports their products to UAE, Qatar, Saudi Arabia and some other countries but Bangladesh is the largest export market for them.
Mentioning the huge demand for their fans in Bangladesh, the director expressed his concern over fake versions of their product being produced in the country.
Fake GFC fans have been brought to the market with same packaging and logo, he said, adding that GFC's business went down in the last year because of the piracy.
“We are discussing to reach a solution to the problem. As legal procedure takes too long, we are thinking about different market strategies so that the consumers can distinguish the real products,” said the GFC boss.
Hearing about the problems, Md Suleman Khan, the commerce secretary of Pakistan High Commission in Dhaka, assured the director and the distributor that he will provide his assistance to solve this problem on their behalf.
During the meeting, Md Nurul Islam, managing director of GFC Ltd Bangladesh, said he is the sole distributor of GFC fans in the country and is willing to set up a factory of the company in Bangladesh for its manufacture so that the cost can be lessened.
Replying to this, Mobin Ilyas said they cannot send managers for weekly visit for monitoring a factory in Bangladesh due to visa complexities. That is also why the proposal of having a joint venture is not possible right now.
Another fan company Starco Fans also told UNB that they have good business relationship with Bangladesh having exported fans to the country for five years.