Beximco Group - leading the country in industrial growth

The Beximco Group is one among Bangladesh's largest and maximum diverse business conglomerates. The group's key business consist of ceramics, pharmaceuticals, textiles, jute, information technology, aviation, media, finance, real estate, construction and energy.

From the early days, BEXIMCO Group has developed from being typically a commodities buying and selling company to the position of the number one company of Bangladesh with a presence in sectors that account for nearly 75% of Bangladesh’s GDP. BEXIMCO’s mission is “Taking Bangladesh to the World”. It has done so!

As the group has grown through the years, the flagship platform now has operations and investments across an extensive variety of industries. The group sells its services and products inside the domestic Bangladesh marketplace as well as worldwide markets. BEXIMCO Group by far is the biggest organization in the private sector.

BEXIMCO Group intact is considered as one of South Asia’s largest vertically integrated fabric and garment organizations. The textile department of BEXIMCO is a manufacturer of cotton and polyester combined garments for men’s, women’s and kids, each for home and export markets. BEXIMCO Group is also the largest exporter of prescription drugs in Bangladesh and has a presence in 45 countries. The prescription drugs department manufactures and sells customary pharmaceutical system merchandise, energetic pharmaceutical components and intravenous fluids. The group is also the most important ceramics exporter and in particular lodges & inns, which owns the Westin Hotel.

Every organization enterprise is managed with the aid of an unbiased, expert crew with widespread intensity of revel in. Management groups have mounted a clean strategic plan so one can further make stronger the overall platform. In recognition of its corporate fulfillment and creation of shareholder cost, the BEXIMCO Group keeps making sizable contributions to the society. It donates to the education sector in a much expanded way. Additionally it turned into professional sponsor of the Bangladesh National Cricket Team for the ICC Cricket International Cup 2011 and also the professional title sponsor of the FIFA friendly fit among Argentina and Nigeria held in September, 2011.

Growth of textile industry in Bangladesh

There are many industries that are largely contributing to Bangladesh’s rapid growth. Among them, the textile industry is one of the biggest powerhouses in Bangladesh. Bangladesh is only second to China, in exporting western clothes, which says a lot about its contribution to the growth of its economy. Clothing and garments are the main elements that are exported and play a vital role in earning foreign currency.

In the pre-war period of 1947-1971, most of the textile industries were owned by the West Pakistani businessmen. In the 1960s the locals formed their own factories, but lost their expertise after the war. But after the war, Bangladesh got its own platform to stand on and started developing this industry gradually. Now the industry has grown very big and a hope to employment of millions. Bangladesh now has duty free access to some western textile markets, which means Bangladesh doesn’t have to pay taxes to access to these markets.

Clothing and textile is one of the basic needs of human being. Thus Bangladesh uses this as their advantage and makes the best out of their garments and huge manpower. Most of the workers in the readymade garments factories are female, so the industry is helping women to stand on their own feet. According to government statistics, textile industries have helped almost 4 million people with jobs. This improvement has helped Bangladesh to rise to a whole new level of economic growth and standard of living.

Although the industry is now a huge success, over dependency and insufficient safety have claimed a lot of life. In 2010, a significant number of people died in fire in “That’s it” sportswear factory. The Rana Plaza collapse was one of the most devastating disasters. In 2013, the building collapsed, taking the death toll to 1045. These disasters have mainly occurred because of the reluctance of the in-charges to ensure safety for the textile workers.

As one of the biggest industry in Bangladesh, the textile and clothing companies and factories should bear this in mind, that the workers are the main reason for their huge success. So they must ensure the well-being of them, and get a grip on their wages. If these critical problems are solved, the industry can later be one of the reasons for Bangladesh to become a rich country. On a brighter note, a lot of measures have been taken since the Rana Plaza collapse. Workers safety in both textile factories and ready-made garments factories is now considered as an important aspect.

Mohammadi Group, Babylon Group, Beximco Group’s Bextex Ltd. Zaber & Zubair Fabrics Ltd., Noman Group are the top companies in this sector.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) works as a trade body for ready-made garments and is doing a good job. The textile sector is expected to dominate in export earnings in the years to come.

Growth of Bangladesh’s steel industry

In the 21st century, nearly every single thing is made with the help of steel. So the steel industry nowadays is very much demanding. This industry is now very quickly growing in Bangladesh. Solely based on the port city of Chittagong, steel industries have ensured the rise of national economy throughout the country.

The first ever steel mill in Bangladesh in 1952 at Nasirabad, Chittagong, which was called “Bangladesh Steel Re-rolling Mills”(BSRM). It gradually reached its peak as by the time other mills like Anwar Ispat, AKM, Bashundhara steels etc. made their way into existence.

Steel mills in Bangladesh play a huge role in the market, as its importance is spread throughout the country. Although the past of Steel industries in Bangladesh is not far away, a fulfilling future awaits as it is going to be a very important sector economically. As of 2012, Bangladesh has 400 steel mills to provide solidarity to that particular industry. This industry is very promising, because it has provided over a million people with jobs, which can help reduce poverty and unemployment at a decent rate. The whole industry has an amount of 3 billion BDT under their sleeves. This rate can go even higher if more manpower and raw materials are acquired.

As it is not yet a proper industry to depend on for top notch quality, the products should be properly chosen, as damaged goods can nullify the reputation of the emerging industry. Bangladesh suffers a lot of natural disasters, which can be reduced if steels are utilized properly to ensure strong structure of the houses and shelters. Much of these disasters can be tackled if the precautions are taken in an orthodox manner.

Bangladesh can take a leaf out of Japan’s book, as their infrastructure of buildings is so solid, that even with a huge earthquake that hit them in 2011 could not manage any major effect on their houses and other buildings. Bangladesh should ensure their industries future by increasing the quality of the materials. This can easily help the economy, as well as the people who are inhabited in the danger zones.

Many projects in Bangladesh have been accelerated by the steel industries, such as the Dhaka-PadmaBridge, Chittagong highway etc. Many future projects, noticeably the metro rails will be a crucial test for how much the industry has improved. There is no looking back now for this industry, as this can be one the greatest economic powerhouses in the near future in Bangladesh.