BEXIMCO Group, one of the top conglomerates in Bangladesh, plays a major role in the economy of the country. It is considered the leader in the private sector of Bangladesh. The positive impact is due to its diverse operations. BEXIMCO Group is the biggest employer in the private sector of the nation. It has consistently expanded its verticals in major industries to broaden the supply and demand network. The Gross Domestic Product of the country has been improved through its functioning. In additional ways, it adds to the progress of the economy. The strong vision of its founders, Sohail F Rahman and Salman F Rahman, make the conglomerate an asset to the country.
BEXIMCO’s Corporate Mission for Country’s Betterment
“Taking Bangladesh to the world” is the corporate mission that gives directions to the practices of BEXIMCO Group. It has strengthened these practices so much that it has come to be identified as the largest group in the country’s private sector.
This objective has enabled the conglomerate to contribute to the economic growth of the nation alongside growing its operations and presence. Its diverse operations have focused on making Bangladesh more notable and significant.
Growth of BEXIMCO and Contribution to GDP
BEXIMCO Group made its start during the 1970s. Salman F Rahman and Ahmed Sohail Fasihur Rahman directed the operations of the group as its founders. Initially, they were operating as a commodity-trading organization. Currently, it is the leading name in a majority of sectors. These are the sectors that contribute 75 percent to the GDP of Bangladesh.
Diverse Operations and Impact on the Country
Since the 1970s, the well-known Bangladeshi conglomerate has been operating in different sectors. Its functioning, in addition to investments, is observed in pharmaceuticals, ceramics, textiles, PPE, energy, trading, DTH, information/communication technologies, etc. While these are only a few to name, there are also other sectors that it covers.
● The operations of this company in varied sectors help contribute to the demand-supply chain.
● Domestically, it is part of numerous markets and, thus, generates revenues for the nation.
● Its consistent functioning is one of the reasons behind the constant growth of the country.
Contributing to the World Economy
Beyond a remarkable presence in Bangladesh, the multinational conglomerate led by Salman F Rahman and Sohail F Rahman is internationally recognized. It has a notable presence in the global markets, owing to its vast operations. Through its industry verticals, the conglomerate produces and manufactures the highest quality and internationally certified commodities.
A Major Provider of Employment in Bangladesh & Beyond
BEXIMCO Group is the top provider of employment opportunities in Bangladesh. Across all its verticals, jobs are consistently created. From unskilled labor to skilled professionals, it creates opportunities for thousands of individuals through every vertical.
● Besides, this company partners with multiple organizations.
● These organizations collectively strengthen the sectors which also generate employment.
● In Bangladesh, this conglomerate is the biggest employer present in the private sector.
● Domestically and globally, it employs nearly 70,000 individuals.
Thus, through the creation of numerous jobs in different phases, this company can enhance economic growth at the domestic and international levels.
Developing the Economy Sustainably
Sustainable practices form the core operations at BEXIMCO Group, whether functioning within or outside Bangladesh. The verticals of this conglomerate adopt different strategies. Through these, the country’s growth is ascertained, keeping in mind long-term benefits through sustainability.
● This organization has implemented a range of measures to broaden economic growth.
● These measures aim to lower the impact on the environment.
● Thus, resources are preserved for utilization in the future.
● Remarkably, the conglomerate has partnered with others to improve its sustainable practices.
● Its division – BEXIMCO Textile & Apparel Ltd., is a leading example of the same.
● It has partnered with various companies to minimize:
○ The waste of water while producing textiles
○ Over-utilization of resources
○ The release of chemicals
To Conclude
BEXIMCO Group plays a significant role in the economy of Bangladesh. It contributes to its growth in numerous ways. Though it engages in diverse functions, it also keeps sustainability in focus. In all, the conglomerate forms a crucial part of the economy. Even in the global markets, it has left its footprints through notable contributions.
