With his ability and vision, Salman F Rahman is transforming Bangladesh's business sector. According to a report published in Newswire, on the personal front, Salman F Rahman has been heralded as one of the leading intellectuals of his generation and he has understood that his immense corporate success gives him an equally important role to fulfill in the betterment of his people. Therefore, he has a very active participation in many philanthropic endeavors and many charities and welfare organizations receive his encouragement and support.
Salman F Rahman co-founded the BEXIMCO Group of Industries way back in 1970's with his brother when the duo left grappling with a defunct textile mill. This prompted them to look for new avenues in business and thus the BEXIMCO group came into being. After painstaking efforts which ran into many decades, the BEXIMCO Group has established itself as the leading enterprise in Bangladesh. Today the group has diversified into a huge conglomerate with services and products being developed in many sectors. The group operates in many fields ranging from Textiles to Fashion, Pharmaceuticals and what not.
Moreover, the company has exhibited top rate performance in all the various sectors of its diversification. It has the distinction of being the only company from Bangladesh to be listed on the London Stock Exchange and the various divisions provide quality services and products to the biggest companies in the world and have a list of elite clientele.
The Newswire said, Salman F Rahman is one of the prominent business personalities in Bangladesh and he has used his business acumen to take his country and people towards a bright future through his great vision and never ending quest for excellence.
Thursday, November 26, 2020
Salman F Rahman's vision shaping up the business sector
Friday, September 25, 2020
China and India are competing to win Bangladesh!
China and India are competing to deliver coronavirus vaccines to Bangladesh in a diplomatic offensive carefully choreographed to expand their influence in the densely populated South Asian nation.
Last month, Bangladesh cleared the way for privately owned Chinese company Sinovac Biotech to conduct a stage three clinical trial of its CoronaVac vaccine.
Dhaka-based clinical research institute icddr,b will conduct the trial and said Wednesday that a conditional deal is in place for the vaccine to be produced locally. "If the CoronaVac vaccine is successful, it has been agreed with Sinovac that a local competent vaccine manufacturer in Bangladesh will be selected and enabled through a license from Sinovac to manufacture the vaccine in Bangladesh," icddr,b told the Nikkei Asian Review in a written response to questions.
The Bangladeshi government, however, is making sure not to put all its eggs in one basket. On Aug. 28 it welcomed a tie-up that ensures local company Beximco Pharmaceuticals gets prioritized vaccine supplies from the Serum Institute of India.
The battle between the two regional powers highlights the pandemic-induced geopolitical opportunity beyond traditional trade and investment offered by Bangladesh, strategically located with more than 160 million people.
While China and India are its biggest economic partners, the smaller country suffers from a chronic imbalance in trade with them. For most of the past decade, Dhaka's relations with New Delhi have deepened, reinforced by the historic support the giant neighbor extended during the 1971 war with Pakistan that led to Bangladesh's independence. But that bond has recently become strained over bilateral spats that have angered Bangladesh as well as its growing economic relationship with China.
The larger issue involves India's passage last year of its Citizenship Amendment Act to fast-track naturalization of non-Muslim migrants from Bangladesh, Pakistan and Afghanistan. That was preceded by a program to register nationals in India's northern Assam state, fueling fears of an exodus of Muslims into Bangladesh.
China took advantage of the situation, with its state-backed companies landing big-ticket infrastructure contracts in Bangladesh, outbidding Indian companies. Most recently, a Chinese developer secured an airport terminal contract in the northeastern city of Sylhet bordering India, which caused consternation among policymakers in New Delhi.
Faiz Sobhan, senior research director at the Bangladesh Enterprise Institute, a think tank in Dhaka, said that Bangladesh's close ties with India and China give it leverage to get either nation to supply a large quantity of vaccines at a low price. Sobhan poured water on the notion that China's aggressive vaccine diplomacy will weigh on Dhaka's bilateral ties with India, as New Delhi "too has reached out to support Bangladesh in its quest for the vaccine."
Meanwhile, Russia has also shown interest in providing its Sputnik V vaccine with Bangladeshi government support for local manufacturing, provided companies are capable of producing it, Health Minister Zahid Maleque recently told reporters.
Monday, July 27, 2020
Beximco Group produces PPE and generic copies of Bemsivir
Moreover, Beximco's Textile and Apparel Unit has been producing around 50 million pieces of PPE per month to meet the country's demand. In this way, Beximco Group continues to thrive on coronavirus challenges.
So far, Beximco Pharma has sold around 25,000 generic copies of Bemsivir, its version of remdesivir in Nigeria, Azerbaijan, the Philippines, Venezuela and Pakistan. Beximco Group is the only organization that produces medicines along with medical protective gear. The group has invested about 30 million dollar in their PPE unit in March. The unit is currently producing 50 million different types of protective gear, including masks and gowns. Beximco has already signed an agreement with the US Federal Emergency Management Agency (FEMA) to supply washable long sleeve gowns. The deal was completed through the American clothing company Hanesbrands. Beximco received an order of 20 million such products worth about 250 million in April.
Sunday, May 31, 2020
Beximco will invest $20 million in Detroit
Beximco will invest $20 million in the Detroit plant, said Syed Naved Husain, chief executive officer of the group's textile business. The company will also invest $30 million on a plant at home, he said. The company will initially supply N95 masks in Detroit before expanding to other parts of the U.S., Husain said.
Detroit had been recruiting a Bangladeshi company to manufacture jeans in the city, Duggan said, but when the COVID-19 outbreak took hold, the company brought in partners and pivoted to making personal protective equipment. "This comes from a process we've been at for more than a year," Detroit Mayor Mike Duggan said when asked about the plan during a coronavirus response briefing.
The mayor said the city is looking for a site for the factory.
"Nobody picks Detroit at random. This is a result of (Detroit Economic Growth Corp. CEO) Kevin Johnson and the DEGC team and our economic development team," Duggan said. "I think it's time we start to make clothes back in the United States, and we've been working on that for the last year or two. And I didn't expect PPE would be the first plant to come"
Beximco said Hanesbrands Inc. bought 6.5 million personal protective equipment items from the company to supply to the Federal Emergency Management Agency.
Original article:Bangladesh company says it will build mask factory in Detroit
Thursday, May 28, 2020
Beximco exports 6.5 million personal protective equipment to US brand Hanes
“Beximco has proudly joined the fight against the global pandemic by moving swiftly to add manufacturing capabilities in PPE items such as gowns, masks and coveralls,” said Beximco Group Director Syed Naved Husain. He said COVID-19 had changed how the world works, and that Beximco had to urgently respond.
State Minister for Foreign Affairs, Md Shahriar Alam, and US Ambassador Earl Miller were present at Shahjalal International Airport to send off Beximco’s first shipment of PPE to the US. Shahriar lauded the role of Beximco’s contribution to Bangladesh’s economy.He said like the rest of the world Bangladesh is also facing toughest times and trying to cope with this pandemic. “And in these trying times, it’s remarkable to see that within this short span of two months Bangladesh was able to foray into this very regulated market with such a sensitive healthcare product with just not ten or twenty thousand pieces but six and a half million pieces. What an achievement!” he said.
“The US welcomes Bangladesh’s world-class and large-scale PPE production to the global marketplace. The Beximco-Hanes partnership is another great example of how our two great nations are combating the COVID-19 pandemic,” the U.S. ambassador said.
Nazmul Hassan MP, managing director of Beximco Pharma, termed the event historic. He said in the initial days of pandemic, there was huge local demand for PPE and Beximco took the initiative of providing PPEs to local healthcare services through import. “But there was severe shortage globally as demand was increasing. We, therefore, decided to produce them to meet the demand. Today we are not only providing PPE to our local healthcare services but also exporting them to very highly regulated sensitive markets,” he said.
Information gathered from
Beximco exports 6.5 million PPE gowns to US
https://bdnews24.com/business/2020/05/26/beximco-exports-6.5-million-ppe-gowns-to-us
Beximco ships 6.5 million PPE gowns to US
https://www.thedailystar.net/business/news/beximco-ships-65-million-ppe-gowns-us-1905616
Monday, January 6, 2020
Business opportunities in the hospitality sector
The Confederation of Asia-Pacific Chambers of Commerce and Industry held a discussion in Dhaka where Salman F Rahman gave a speech. The conference had over 300 business delegates including representatives of leading national commerce chambers, business leaders and policymakers from 27 Asia Pacific countries.
In his speech, Salman F Rahman said Bangladesh has a lot of manpower and training in hospitality management can enable them to serve both inside the country and outside. As a panel discussant, Salman F Rahman said - I will urge the Cacci businessmen to take full investment potential of Bangladesh. The FBCCI President Sheikh Fazle Fahim also gave speech on the discussion organized by the Confederation of Asia-Pacific Chambers of Commerce and Industry. Brian O’Gallagher, deputy chief executive officer of Australia’s Chamber of Commerce Northern Territory, Cacci President Samir Modi also spoke. They said that they were interested in training Bangladesh’s manpower in hospitality management and already some of his country’s companies were engaged with young people. Giving the inaugural speech, FBCCI President Sheikh Fazle Fahim said Bangladesh’s economy was stable and its macro-economic growth was in an upward trajectory.
Cacci President Samir Modi in his speech said the Asia-Pacific region was now the world’s largest and fastest developing economy spearheading growth in trade, investment, new technologies, innovation and reforms. He also mentioned that the recent Asia Pacific economic trends gave hopes of becoming the global economy’s future engine.
Information:
https://thetourisminternational.com/2019/12/03/invest-in-hospitality-management/
https://bangladesh-corporate-world.blogspot.com/2020/01/bangladesh-has-huge-potential-on.html