Bangladesh's Corporate World

Beximco Group took business initiatives after the COVID-19 outbreak and all the initiatives proved to be right. The company that calls itself the country's largest private-sector employer turned the COVID-19 outbreak into an opportunity and showed its ability to churn out advanced products. The pharmaceutical business of Beximco Group was the first to start making and exporting a generic version of remdesivir, a drug in the spotlight as a treatment for COVID-19.The textile and apparel unit of the company, one of the largest in Bangladesh, in May 2020 exported 6.5 million medical gowns custom made to the specifications of the U.S. Federal Emergency Management Agency. Beximco Group has a long history of doing the right thing at the right moment. It also has a history of coming forward in times of need. The group, founded by siblings Ahmed Sohail Fasihur Rahman and Salman Fazlur Rahman, began as a commodity trading house in the 1970s before expanding into sectors including energy, ba...

Commerce ministry said it would establish four specialised technology centres in economic zones with an eye to boosting export earnings through adopting new technologies. Under a project, it will establish three state-of-the-art TCs at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and a specialised design and technology centre at Bangabandhu Hi-Tech City in Gazipur. To this effect, the Export Competitiveness for Jobs (EC4J) Project signed on Tuesday two land lease agreements with Bangladesh Economic Zones Authority (BEZA) and Bangladesh Hi-Tech Park Authority (BHTPA). BEZA executive member Md Abdul Mannan, BHTPA director ANM Safiqul Islam and EC4J project director Md Obaidul Azam inked the deals on their organisations' behalf at the BEZA headquarters. Commerce minister Tipu Munshi joined as the chief guest and PM's private industry and investment adviser Salman F Rahman and state minister for ICT Zunaid Ahmed Palak as special guests. BEZA executive chairman Paban Chowdhu...