Topic-2 What does it means by ''NEW TECHNOLOGY"

Topic-2 introduction of a new technology can assist an
organisation in achieving its business objectives.

Is it possible to link the following scenario with this topic??

A company is planning to make some curtail raw materials in its own production facility. At present the company is sourcing these raw materials from INDIA. There is no manufacturer in the country. The plant will be first of its kind in Bangladesh. The plant investment in own facility will benefit the company in more than 1 ways ‘’cost effectiveness (cost of own production is less then cost of sourcing), risk minimisation (dependency on the supplier is minimized), technology transfer (in-house production technology transfer the know how inside the company), Competitive advantage over other competitors in the market, Potential of selling the raw materials to other competitors after meeting own demand.”
** So can it be called a NEW TECHNOLOGY in a 3rd world country??