Bangladesh is regarded as a rapidly developing country. Bangladesh managed a vast progress on the economic side. The GDP growth is increasing every year and in 2013-14 fiscal years, it was close to 6%, which is more than its neighboring countries, India, Nepal and Pakistan.
As a country which has the potential to become one of the most influential countries in terms of economy, a lot of private companies are giving inputs to the overall values. Top private companies like Beximco Group, Pran Group, Bashundhara Group are pretty much the backbone of the economic growth of Bangladesh. These groups were mostly founded in the 1980s. Bangladesh soon saw the speedy rise of these groups which launched a lot of products such as dry foods, cement, LP gas, ceramics, and pharmaceutical products.
These groups have mostly ensured the consistency in the economy by maintaining a strong export quality, as they serve more than 100 countries all over the world with their products. These are top notch products, which are especially managed by the experts. For instance, Beximco Pharma is listed on the London stock exchange, which is a big achievement for the company and the country as well. It was formed in 1972. This helps the economy to grow under foreign currency and ensures its maximum efficiency. The products offer world class quality, which is very important. It is now one of the big guns in the pharmaceutical sector throughout the world. Other than pharmaceutical sector, Beximco Group is involved in ceramics manufacturing, trading of consumer and capital goods, financial services, aviation and media.
From automobiles to pharmaceuticals to garments, professionals work tirelessly to deliver top notch products and contribute to Bangladesh’s growing economy. Their profit is the country’s profit. Additionally, these local companies are creating a firm corporate cultural. Corporate culture is very significant to the businesses and general outlook. With the application of proper corporate culture, workers get t be more efficient, internally consistent and work together harmoniously to keep the organizations running successfully. This hidden mechanism gives individuals the opportunity of coordinating towards a common goal- the betterment of Bangladesh.
There are a good number of local private companies currently operating. The most notable Bangladeshi companies are ACI, Transcom, Beximco, Navana, Square, Orion Group and Bashundhara Group. Each one of these companies satisfies the consumers with a plethora of products and services. ACI has expanded businesses in fertilizers, livestock, fisheries, pharmaceuticals, consumer brands and commodity products. Square has businesses in toiletries, knit fabrics, spinning and runs a state-of-the-art hospital. Navana group is in real estate, construction work, and automobiles. It is the sole distributor of Toyota cars and HINO Motors. Beximco Group produces and exports textiles, garments products, ceramics and pharmaceuticals.
With the contribution of these local companies, life of common people, the society and economy is expected to shine even further in future. In one sentence- local Bangladeshi companies are truly enhancing the country’s economy and contributing to the peoples’ welfare.