Monday, May 20, 2019

Not just a businessman - Salman F Rahman

Salman F Rahman is not only a businessman. He is visionary, industry captain, he is behind the economic success of Bangladesh.

A nation’s growth and prosperity often depends on the Business and economic development. Any business-notion on part of pioneers brings good result for a nation’s economy. Many examples from history proves that individuals often can be attributed to kick start a nation’s potential as well as its growth. For Bangladesh, Salman F Rahman, the co-founder Beximco, is such a personality. His efforts in setting up a business paradigm and a conducive environment for local businesses has been instrumental for the relatively nascent economy of Bangladesh.

In other words, Salman F Rahman’s efforts have been synonymous with the growth of Bangladesh.


Visionary person
The visionary man - Salman F Rahman
He set up Beximco in 1972 after his family inherited jute mill was nationalized by then Government of Bangladesh in 1971. The business journey started out with seafood exports to target countries including Germany, France, the UK, Netherlands, and Belgium. The initial trajectory soon transformed into a journey towards setting a conglomerate that worked on Bangladesh’s strengths and harnessed its potential as well as gave the country and its trading partners an impetus to invest in Bangladeshi economy. An example for the uninitiated would be Salman’s initiative in the textile, seafood and the pharma industry. That predicament possibly transformed into Bangladesh’s first private stint with the international market and resulted in Salman’s foray into international markets. The polarized status quo resulted in his inclination towards pharma wherein instead of making heavy profits in cash, he chose to import medicines worth the same cost to meet the country’s pharmaceutical demands.


After some years, he decided to manufacture and supply local pharmaceutical requirements from within the country. Consequently, 1976 witnessed the birth of Beximco Pharmaceuticals and since then, Beximco has expanded under his’s vision and guidance. Apart from the company’s growth, he traversed a journey of his own as a businessman and industrialist of note internationally – considering how he shaped the world’s perception towards Bangladesh’s indigenous industries and exports. The associated acumen, vision and experience further resulted in his appointment as the Private Sector Development Affairs adviser to the Bangladesh Awami League President Sheikh Hasina.

Though the country’s rising GDP in the past decade is the testament of the aforementioned, Salman F Rahman’s belief of harnessing the country’s business potential for its enhanced prosperity could further be advanced to enhance, empower and strengthen the country’s economic potential at the political and administrative front.

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