The exports industry of a country has a huge impact on its gross output, and the same plays a pivotal role in the rising Gross Domestic Product (GDP) of Bangladesh. According to the Financial Year 2017-2018 reports, the nation registered export earnings of $36.66 billion, registering a 5.8% rise from the previous year in comparison to its target of $37 billion. While many companies and entrepreneurs have contributed to this enormous figure, Beximco Group stands out to be a star performer.
Beximco Group headed by Salman F Rahman, is making waves with European Union and the United States being the main export partners at 58.2% and 16.3% respectively. With the demand-supply curve picking up an exponential growth, it will not be an understatement to say that the export earnings figure may soar to $40 billion. The country’s exports are branched out in various avenues like textiles, pharmaceuticals, ceramics, IT, agricultural products, etc. Bangladesh is the 2nd largest exporter of garments in the world while it is one of the top countries which support free market economy.
After the pharmaceutical arm of Beximco Group got the FDA’s nod for Nadolol tablets in August 2018, they won the ‘Superbrand of Bangladesh’ seal in September. The combination of these factors strengthened Bangladesh’s global presence in more than 75 countries, besides meeting 97% of the local market demands for pharmaceuticals.
In the list of productive avenues of the export industry, ceramics and jute have shared the limelight. Beximco’s ceramic division, Shinepukur Ceramics is the largest ceramics exporter in Bangladesh with state-of-the-art machinery installed in multiple industry plants. As a result, it produces substantial number of high quality porcelain and bone china tableware.
Salman F Rahman’s company contributes significantly to the GDP of Bangladesh, and his vision and business acumen have led Beximco in a direction of progress, with expansion plans in multiple industrial arms. With the persistent efforts of such conglomerates, the export business of the country is expected to flourish in leaps and bounds.