Bangladesh's Corporate World

Bangladesh is a low-income country. But it has a stable economy. Bangladesh has the second most ‘pro-capitalist population’ in the developing world to give another boost to the economy. Between 2004 and 2014 the average GDP growth rate was 6%. Now it is over 6.5%. Since independence in 1971 the economy of Bangladesh has made a gradual progress. Now Bangladesh is considered as part of the Next Eleven Emerging Market and one of the Frontier Five. Before 1980, the economy was largely dependent on jute and jute products. From 1990s onward, textile, garment, pharmaceuticals, shipbuilding ceramics, leather goods and electronics came forward. Beximco, ACI, Square Group are the market leaders. And today, the economy of Bangladesh is led by export-oriented industrialization including the garment industry and the textile industry. Garment industries contribute the most. Up to 6-8% of the total growth of the country comes from the sector. Now, there are more than 5000 garment industries acro...

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...

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...