Business in Bangladesh, Economy of Bangladesh, Top News

Bangladeshi organizations' contributions to the economy include creating jobs, generating income, and providing essential goods and services. In addition, they are leading the way in terms of corporate social responsibility and sustainability. Not to mention that they are making important investments in areas such as education, health, and environment. In one sentence, these organizations are playing a key role in helping Bangladesh achieve its economic and social goals.

Undeniably, the COVID-19 pandemic had a significant impact on the Bangladeshi economy as it had a significant impact on most countries of the world. It led to a slowdown in economic growth. It also increased unemployment in the country. The government, led by Prime Minister Sheik Hasina, has taken several effective steps to hold up the economy. The steps included providing financial assistance to affected businesses and individuals, offering business tips to struggling businesses and brining in investment from large investors.

Local companies, otherwise known as Bangladeshi origin companies also came forward. Prominent companies that are still making the most contributions to the economy post COVID-19 pandemic era include:

BRAC – Known as the world's largest non-governmental development organization. It is involved on poverty reduction and empowerment of the poor, particularly women and children.

Square Group - A leading Bangladeshi conglomerate that has investments in pharmaceuticals, textiles, and consumer goods. It has taken many steps so that Bangladesh achieves economic and social goals.

BEXIMCO Group - A leading conglomerate in Bangladesh with heavy interests in pharmaceuticals, textiles, IT, ceramics and media. Beximco group is considered as the top private sector company in Bangladesh. With over 70,000 people working, it is also one of the largest employers of Bangladesh. The company is known for its active contribution in Bangladesh’s economic and social achievements.

ACI Limited - One of the largest conglomerates in Bangladesh. The company focused in pharmaceuticals, consumer goods, agribusiness, and real estate sectors.

Grameen Bank - A microfinance organization that provides small loans to low-income individuals, particularly women, to help them start or expand businesses.

PRAN-RFL Group - One of the largest Bangladeshi conglomerates is PRAN-RFL Group. It is heavily contributing to the economic development. It has invested in food and beverage, plastic, real estate, and agribusiness.

Orion Group - A leading Bangladeshi conglomerate with interests in pharmaceuticals, consumer goods, textiles, and real estate.

Navana Group - A diversified first generation conglomerate in Bangladesh with heavy investment in engineering, real estate, construction, and automobile sales and service.

Rangs Group – The company is involved in real estate, automobile sales and service, and electronics sectors.

These organizations are among the largest and most successful ones in Bangladesh. It is fair to claim that their contributions to the economy include creating jobs, generating income, and providing essential goods and services. In addition, they are leading the way in terms of corporate social responsibility and sustainability. Not to mention that they are making important investments in areas such as education, health, and environment. In one sentence, these organizations are playing a key role in helping Bangladesh achieve its economic and social goals.