Bangladesh's Corporate World

Doing business in Bangladesh Featured question of the month is - what does it need to launch an import-export business in Bangladesh? A bonus question to add with it is - how much time does it take to solve insolvency problems? Here is the hint, if not the whole answer: According to this website on 'Business Scenario of Bangladesh', six official documents are needed to start  an import-export business. How much required? $965. But the website did not mention how much bribe it requires. Answer to the other question is interesting. It takes over two years on solving insolvency problems. This time frame is not that long compared to Pakistan, Nepal, Sri Lanka and other developing countries. This website also gave details on leading and top businessmen of Bangladesh . The names included are Jahurul Islam of Islam Group, Samson H Chowdhury of Square Group, Abul Matlub Ahamed of Nitol-Niloy Group, Salman F Rahman of Beximco Group and Latifur Rahman of Transcom Group.

According to analysts, good ideas may bring sufficient sponsors for entrepreneurs, so no worries for initiating a business as long as you have a good idea to build up on. These funds can be brought from the company’s corporate social responsibility funds. Even small amount of fund from companies may help flourish the social business. Social business events like the one held in Savar at Gonoshasthya Kendra, can bring a lot of attention both in the local public’s eyes as well as intellectuals; like the one mentioned which brought in together 700 local people and 125 foreign participants, the issue of which was to clarify the concept of social business and it being a way to resolve complicated matters. The discussion held there pulled out some outstanding facts about how CSR fund can benefit both the entrepreneurs as well as the company providing the CSR fund. They encouraged innovative ideas from the new generation, to work for the society and also to encourage others around...