Sunday, March 18, 2018

How private companies like Beximco Group, Pran Group, Bashundhara Group are helping the economy grow?

Bangladesh is regarded as a rapidly developing country. Bangladesh managed a vast progress on the economic side. The GDP growth is increasing every year and in 2013-14 fiscal years, it was close to 6%, which is more than its neighboring countries, India, Nepal and Pakistan.

As a country which has the potential to become one of the most influential countries in terms of economy, a lot of private companies are giving inputs to the overall values. Top private companies like Beximco Group, Pran Group, Bashundhara Group are pretty much the backbone of the economic growth of Bangladesh. These groups were mostly founded in the 1980s. Bangladesh soon saw the speedy rise of these groups which launched a lot of products such as dry foods, cement, LP gas, ceramics, and pharmaceutical products.

These groups have mostly ensured the consistency in the economy by maintaining a strong export quality, as they serve more than 100 countries all over the world with their products. These are top notch products, which are especially managed by the experts. For instance, Beximco Pharma is listed on the London stock exchange, which is a big achievement for the company and the country as well. It was formed in 1972. This helps the economy to grow under foreign currency and ensures its maximum efficiency. The products offer world class quality, which is very important. It is now one of the big guns in the pharmaceutical sector throughout the world. Other than pharmaceutical sector, Beximco Group is involved in ceramics manufacturing, trading of consumer and capital goods, financial services, aviation and media.