Economy of Bangladesh, Top Corporate Groups

Bangladesh has been privileged with rapid industrial growth since her inception. There are food industries, furniture industries, retailers, pharmaceuticals and some of these have earned global recognitions. This article will take the readers to a tour down the industrial sector of the country by highlighting the six renowned Bangladeshi companies.

Aarong: Aarong is one of the oldest and one of the biggest retailers in Bangladesh since 1978. It provides various types of clothing; from regular wears to ethnic wears, from traditional wears to festive wears and crafts from silks, handloom cotton, terracotta, bamboo, jute etc. Along with clothes, it provides various house decorating accessories like show-pieces, Nakshi-Kathas, jewelleries and so on. Aarong’s specialty is all of its products are handmade and the designs largely reflect the long running traditions and heritage of our culture. Besides that, the products are long-lasting and innovative. As of now, there are 18 outlets spread all over the country and all of those provide exceptionally catchy accessories for different genders and ages.

 

Beximco Group: Bexicmo Group is one of the first generation Bangladeshi companies. It started its activities in the early 1970s and by the mid 1980s it has become one of the top companies in Bangladesh. The group has four publicly traded companies and seventeen privately held companies under its belt. The four publicly traded companies have a combined market capitalization of more than $617.34 million. Beximco Group is associated with the world's top brands including Villeroy & Boch, Calvin Klein, Chevron, Zara, Royal Doulton. With its dynamic growth and organizational capacity, Beximco Group has become the brand ambassador of Bangladesh. Under effective leadership of top Bangladeshi businessmen A. S. F. Rahman and Salman F Rahman, the company has contributed immensely to the growth of the country’s economy. Company’s co-owner Salman F Rahman is is the Private Sector Development Adviser to President of Bangladesh Awami League and Honorable Prime Minister Sheikh Hasina.

Grameenphone: When it comes to mobile companies, the first name that comes to our minds is Grameenphone. It is the leading telecommunications service provider in Bangladesh with more than 54.5 million customers all around the country. GP is famous for its strong and secure network connection along with its different types of attractive offers; GP Star, FnF, Smart Internet Package to name a few. Grameenphone was the first mobile operator in the country to introduce the prepaid service. Moreover, it has the strongest and fastest internet service among all other operators. It has set up customer care service points in every district of the country.

OTOBI: OTOBI was established in 1975 and has spread its reputation within a very short period of time. It is renowned for its high quality exquisite designs and longevity of the products. It manufactures the widest range of furniture including home furniture, office furniture, and hospital furniture and so on. There are 255 outlets spread all over Bangladesh and the price range also varies from moderately cheap to expensive ones.

Incepta: After being established in 1999, Incepta has cemented its name as one of the most renowned pharmaceuticals in Bangladesh. It manufactures medicinal drugs like tablets, capsules, Insulins etc. and has set up 21 depots all over Bangladesh. Besides its business side, Incepta allows students from various universities to work there for short period as interns and also, going to introduce the production of Active Pharmaceutical Ingredient (API). Along with that, it conducts various researches on several subjects and releases test drugs in the market and follows value added high technology procedures.

PRAN Group: PRAN is currently the largest food processing brands in Bangladesh. It was established 1981 with the goal of broad-scale rural development. Currently it manufactures over 400 food products under 10 different categories; juices, drinks, mineral water, bakery to name a few. PRAN has recently started to manufacture Coca-Cola too. Furthermore, they have started to export products to countries like Sri Lanka and India, New Zealand, Oman and so on. Ensuring a healthy partnership of taste and nutrition is the company’s ultimate purpose.

In conclusion, it can be said that, the Bangladeshi companies has started to develop some really exciting franchisees. The companies already showed that Bangladesh is well capable to have a mark on both industrial and service sector.