Top business conglomerates of Bangladesh – The Daily Industry

2022-06-25 02:52:08 By : Ms. jane zhang

Industry Report: Large companies, especially top business conglomerates, hold a strong economic power over the nation. These private business groups address many economic challenges like the issue of export diversification, productivity enhancement, and expansion of industry to create more jobs for the people of Bangladesh. In the 2017-18 fiscal year, Bangladesh saw its highest-ever GDP growth of 7.86 percent. And this growth was possible due to the fast industrial expansion and business opportunities availability. The top business corporates not only play the prime role to gear up economic activities of the country but they also represent the country in abroad, building the exports and image. Akij Group Founded in 1940 by late Sheikh Akijuddin, Akij Group is one of the largest industrial conglomerates in Bangladesh. In 2009, Akij contributed 2% of the country’s total budget and became Bangladesh’s largest taxpayer. With over 70,000 employers, they are serving both local and international markets with their quality products. Akij Group has its expertise in several industries, including tobacco, food and beverage, cement, ceramics, textiles, pharmaceuticals, consumer products, real estate, dairy IT, gas-station and many more. Akij Group has 24 major manufacturing companies of which Akij Biri Factory Ltd, Akij Plastics Limited, and Akij Cement Company Ltd are some of the most renowned corporates in the country. Bashundhara Group Bashundhara Group, initially started as a real estate business by venture under the name “East-West Development Company” (EWPD). The journey of Bashundhara Group started in 1987, and Ahmed Akbar Sobhanis the founder. After the successful operation of EWPD, Bashundhara started to expand and invest in various potential fields, including the manufacturing, trading industry and service company. They work with over 20 major concern companies that include East-West Property Development, Bashundhara Cement Industries Limited, East West Media Group, Social Islami Bank Limited, Bashundhara Kings, Rangpur Riders, and Bashundhara City shopping mall. They have employed about 100,000 people in their different plants.

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Editor: Dr. Enayet Karim, Printed from City Publishing House Limited by the Editor from Sheba Nurjahan Eycon Center (4th Floor,) 60 Purana Paltan, Dhaka-1000