Weekly news magazine TIME covered Beximco Group in one of its recent reports. It praised the company for its contribution in the economy of Bangladesh.
Beximco Group has played a significant role in growth of the economy. The company has presence in textile sector, pharmaceuticals, ceramics among other sectors. The New York-based magazine applauded the conglomerate for its role in diversifying the country’s economy away from its dependence on the textiles and readymade garment industries.
In the January 20 edition, the TIME published the report on Beximco, stating that Bangladesh is likely to be reclassified as a developing nation by the year 2024. It added that the country would also strike more bilateral and regional deals in the coming years. According to the report the South Asian nation needs to diversify its tradable sector for achieving its full potential.
The government’s recent efforts have been towards diversifying the export base in terms of products, industries and destinations with respect to its vibrant private sector and young workforce for better economic growth.
Beximco Group was founded in the early 1970s by A.S.F Rahman and Salman F Rahman. It is now the largest private-sector employer in the country, with a global workforce of nearly 70,000. With access to captive power generation, liquid nitrogen, wastewater treatment, among others, Beximco has worked towards enhancing the manufacturing capacity of various industries. Owing to the presence of such amenities, Beximco is the country’s largest exporter of pharmaceuticals, and was the first Bangladeshi drug company to obtain a license to export into the US.
The company has always given priority to four areas of development. The top management deems it necessary for the technology to be advanced as only then can people work effectively — significance of corporate governance.
Beximco Group has played a significant role in growth of the economy. The company has presence in textile sector, pharmaceuticals, ceramics among other sectors. The New York-based magazine applauded the conglomerate for its role in diversifying the country’s economy away from its dependence on the textiles and readymade garment industries.
In the January 20 edition, the TIME published the report on Beximco, stating that Bangladesh is likely to be reclassified as a developing nation by the year 2024. It added that the country would also strike more bilateral and regional deals in the coming years. According to the report the South Asian nation needs to diversify its tradable sector for achieving its full potential.
The government’s recent efforts have been towards diversifying the export base in terms of products, industries and destinations with respect to its vibrant private sector and young workforce for better economic growth.
Beximco Group was founded in the early 1970s by A.S.F Rahman and Salman F Rahman. It is now the largest private-sector employer in the country, with a global workforce of nearly 70,000. With access to captive power generation, liquid nitrogen, wastewater treatment, among others, Beximco has worked towards enhancing the manufacturing capacity of various industries. Owing to the presence of such amenities, Beximco is the country’s largest exporter of pharmaceuticals, and was the first Bangladeshi drug company to obtain a license to export into the US.
The company has always given priority to four areas of development. The top management deems it necessary for the technology to be advanced as only then can people work effectively — significance of corporate governance.