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Dynamic businessmen Salman F Rahman's contribution is amazing

By The Economist

Salman F Rahman's contribution to the development of industries in Bangladesh is nothing short of amazing. His journey of transforming Beximco Group as the biggest conglomerate of Bangladesh is testament to his role. 

He belongs to one of the first business families in post-independence Bangladesh.  After the demise of his father in 1966, Salman F Rahman's business journey began with an inherited jute mill. When he brought the mill to a profit-making stage, nationalization of jute industry in 1971 made him lose control of the mill. That is when he, along with his brother, shifted their attention to seafood exports and set up Beximco in 1972. Instead of solely targeting paper figures, he imported medicines from the export companies in order to help Bangladesh meet its corresponding demands. This initiated the chain of Beximco’s expansion in 1980 with Beximco Pharmaceuticals. The pharmaceutical arm went on to become the first Bangladeshi company to be listed on the London Stock Exchange. Hence, the execution of his vision through Beximco enhanced the overall business sector.

Salman F Rahman - a man with vision
It is certain that Salman F Rahman is an asset to Awami League and Bangladesh. His understanding of global markets and subsequent experience of almost four decades in unmatchable. His expertise and clear vision helps the government achieve its goal of developing a sustainable and developed country. It is expected that his political involvement will act as a catalyst for the country in achieving Vision 2041. He is now an adviser to the Prime Minister Shiekh Hasina.

Salman F Rahman has been advising Prime Minister and Awami League chief Sheikh Hasina on private sector development affairs over the past several years. In addition to his advisory role, he also headed the apex trade body FBCCI in mid-90s and. The journey however has been quite eventful for Salman F Rahman. From being the Vice-Chairman of Beximco and a leading businessman of Bangladesh, Salman has been pivotal in Beximco’s global growth and has been a catalyst in the country’s growth. In 1972, Salman F Rahman founded Beximco with ‘crushed bones’ and seafood exports to companies in Germany, France, Belgium, Netherlands, and Britain in exchange of medicines. In 1980, he set up Beximco Pharmaceuticals – setting the growth chart for the next three decades for Beximco. While initially the company imported medicines, the annual revenue helped them establish their own manufacturing and distribution chain over South Asia and then globally. Following that, the vision and execution of Salman F Rahman formed multiple arms of Beximco Group ranging from textiles to ceramics. While the company bolstered Bangladesh’s global exports and reception, it also mirrored the economic growth of the nation. The inadvertent effect of in-tandem growth created the opportunity for Bangladesh to leverage its potential and strengthen indigenous industries – while making Salman F Rahman one of the foremost experts on economic growth and business development. Experience of four decades combined with business acumen made him a paragon of corporate growth in the country.

Rahman is expected to bolster the country’s economy with his leadership skills and streamlined approach. His understanding of the small business contributions along with the vision of labor’s maximum utilization could play a crucial role in strengthening the core of country’s private sector. His experience in developing a conglomerate to a global level would help the country focus on future prospects and build up its local potential. The current role of Salman F Rahman can also be considered rather fortuitous for Bangladesh’s business sector and economy – considering the immense experience and foresight which he could bring for the economic development of the country. 
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