Skip to main content

Salman F Rahman advised new entrepreneurs to focus on knowledge

By The Economist

Salman F Rahman wants new entrepreneurs enhance knowledge of modern technologies. Salman F Rahman himself has shaped business structures, corporate culture which helped Bangladesh grow in a rapid pace. 

Bangladesh will surely shine if new entrepreneurs enhance knowledge of modern technologies. Technology is moving fast now. Robotics technology, nanotechnology and biotechnology are coming. The new entrepreneurs will have to update themselves with the technology Private Industry and Investment Adviser to the Prime Minister, Salman F Rahman said this recently.

Salman F Rahman himself is a dynamic entrepreneur. He shaped business structures, corporate culture which helped the country grow in a rapid pace. He has brought dynamic changes to Bangladesh’s economy, growth and global perception.

He also said that Bangladesh’s position in doing business ranking is likely to come down to 125 from the existing 176 very soon. Bangladesh is a very business friendly country. It will become even better in coming days. sectors, including Bangladesh Bank, National Board of Revenue (NBR), customs and land and law for making the country’s business environment more attractive among the investors. The salary and allowances of the government officials and employees have been increased. Now, they are leading a standard life. So, the corruption level is also coming down.

Referring to the reform initiatives in the Registrar of Joint Stock Companies and Firms, Salman said huge reforms have taken place in the sector to ensure quick formation of a company. “If all papers are okay, anyone can open a company in Bangladesh within two hours. Anyone can open the company from anywhere of the world by submitting their applications online,” he added.

Bangladesh has registered exponential growth in its Gross Domestic Product (GDP) over the last two decades. While textile (garments) is the largest contributor in the annual figures, pharmaceuticals stand second. Apart from meeting 97% of the local demands, Bangladeshi pharmaceuticals are exported to more than 190 countries. The tale of pharmaceutical sector’s progress will be incomplete without emphasizing on the support from one of the most successful businessmen of the country, Salman F Rahman.

This dynamic Bangladesh businessmen and parliament member Salman F Rahman also addressed that economic and commercial ties between Bangladesh and the US will continue to grow rapidly if issues related to the investment climate, intellectual property, and the workforce are addressed when he met Acting Assistant Secretary of Commerce and Director General of the US and Foreign Commercial Service, Ian Steff. Trade between the US and Bangladesh has doubled to more than $8 billion over the past decade, the US Embassy said on May 7, 2019. During his first visit to Dhaka, Steff met government officials and discussed intellectual property rights as well as other investment climate issues. “US and Bangladeshi business leaders are increasingly expanding their commercial ties and partnerships — as evidenced by growing trade between our two nations and the strong participation of companies in our trade mission,” he said.

Labels:

Comments

Post a Comment

Popular posts from this blog

After Beximco Group, Square Group and Pran Group, PHP Family is coming up

By The Economist
Along with Beximco Group, Square Group, Pran Group, PHP Family is contributing immensely to the economic progress of Bangladesh. Beximco Group and Square Group are the top private sector players but companies like PHP Family are coming up. Sufi Mohammed Mizanur Rahman, an ex banker, established PHP Group which was later re-named as PHS Family. PHP Float Glass is a concern of PHP group and is the pioneer of glass industries in the country. Now PHP float glass industry is the largest glass producer. Ample success in Glass sector along with other indusial sector, PHP group is contributing much to the development of the country. PHP float glass industry limited is Chittagong based sister concern of PHP group. Built on 30-acres of land, with a total investment of Tk 300 crore, the PHP Float Glass Industry at Barabkunda of Sitakunda in Chittagong launched its commercial production in 2005.It produces various types of glass according to local demands. It produces clear-glass sheet of 2MM
1 comment
Read more

About Nasir Group

By The Economist
Nasir Group is one of the largest industrial conglomerates in Bangladesh. The industries include industrial glass, tobacco, printing and packages, light engineering, melamine. It is one of the leading industries in glass manufacturing sector of the country. The company started its journey in 1977. Now this group expands in every industrial sectors of Bangladesh like tobacco, melamine, printing and packaging and footwear. Recently it started producing energy saving light bulbs. Nasir group has a great role in socio-economic development of the country. Dominance in Glass Sector Glass is one of the products of Nasir Group of Industry. Nasir group has a vital role to make Bangladesh self-sufficient in glass sector. This company provides a large portion of glasses to meet country’s demand. Nasir group started float glass production in 2005. The company built its glass manufacturing factory in Gazipur at a cost of Tk.300 crore. Nasir Glass now holds more than 40 percent of the total mark
Post a Comment
Read more

Top Five Corporate Groups of Bangladesh

By A Pro-Bangladeshi
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
2 comments
Read more