Bangladesh's Corporate World

Bangladesh is slowly emerging to become one of the next big economic powers in the world. And the reason behind the growth of Bangladesh’s economy is the successful corporate groups. Some big names in the business sector of Bangladesh is not just making their names known in Bangladesh, they are making their presence known throughout the world. Here are brief descriptions of five top business groups in Bangladesh: SQUARE Group - SQUARE Group is one of the oldest and most successful companies in Bangladesh. It was formed by the legendary entrepreneur Samson H Chowdhury and three of his friends. SQUARE became the largest pharmaceuticals company of the country from a tiny pharma company. The other businesses are SQUARE Toiletries, Spinning, SQUARE Knit Fabrics, Informatix and Consumer Products. SQUARE Hospital, run by the group is one of the most state-of-the-art hospitals of Bangladesh. Bashundhara Group- Bashundhara Group has achieved remarkable success in the real estate se...

Bangladesh has always offered attractive incentives to the potential investors. Profitable export items also play an important role behind the success of the country’s economy. Initially, the export items of Bangladesh were limited to few items, but recently have expanded to larger number. Tea and jute were the key export items of the country. In recent years, Bangladesh has expanded herself to a wide variety of items, such as ready-made garments, leather products and others. She has also improved herself in the agriculture sector and other non-traditional items. The population of Bangladesh is around 112 billion and the annual per capita income is approximately US $386.00. Therefore, the textile industry has become a basic need of the country. Bangladesh is well-known in the field of ready-made garments. Initially, the income from the ready-made garment sector was US $7,00 million during the year 1981-82; afterwards, it jumped to US $1,949 million during the year 1995-96. The produ...