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Formation | 1932 |
---|---|
Headquarters | Dhaka, Bangladesh |
Region served | Bangladesh |
Official language | Bengali |
Revenue | Tk 2,400 crore US$290 million (2020) |
Website | www |
Deshbandhu Group (Bengali : দেশবন্ধু গ্রুপ) is a Bangladeshi diversified conglomerate based in Dhaka. [1] [2] Golam Mostafa is the Chairperson and Golam Rahman is the Managing Director of Deshbandhu Group. [3] [4] It headquarters in Mostafa Centre, Banani, is located inside a residential neighborhood. [5]
Deshbandhu Sugar Mills Limited was established in 1932. [6] In the early 1960s, it was the smallest of East Pakistan's eight sugar mills, with a rated production capacity of 2,500 tons annually, and was uneconomic. [7]
In 2011, Deshbandhu sought approval from the government of Bangladesh to establish a sugar mill in Thailand or Brazil but was denied permission from Bangladesh Bank. [8]
Sahera Auto Rice Mills Limited started operations on 15 March 2012. [9]
Deshbandhu Group entered in a partnership with Chemtex to build a US$100 million polyester factory in Sirajganj District on 13 September 2015. [10]
The Group invested US$53 million to establish garments factory under Deshbandhu Textile Mills, in Uttara Export Processing Zone in Nilphamari District. [11] The factory was inaugurated by Tipu Munshi, Minister of Commerce, on 5 August 2019. [12] The government of Bangladesh provided approval to City Group and Deshbandhu Group to export sugar on 4 October 2017. [13]
Deshbandhu Group announced plans to invest US$200 million to develop a joint venture Jiangsu Sanfangxiang Group Co., Ltd to petrochemical and chemical fibre production at Mirsarai Economic Zone in Chittagong on 30 October 2018. [14]
On 31 March 2021, Deshbandhu Group started operations of GM Apparels and Southeast Sweaters. [3] [15] Deshbandhu announced plans to raise US$250 million through issuing Sukuk bond and pay off the loans of the group. [16]
The economy of Bangladesh is a major developing mixed economy. As the second-largest economy in South Asia, Bangladesh's economy is the 35th largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven. It has been transitioning from being a frontier market into an emerging market. Bangladesh is a member of the South Asian Free Trade Area and the World Trade Organization. In fiscal year 2021–2022, Bangladesh registered a GDP growth rate of 7.2% after the global pandemic. Bangladesh is one of the fastest growing economies in the world.
The Bangladesh Export Processing Zones Authority (BEPZA) is an agency of the Government of Bangladesh and is administered under the jurisdiction of the Prime Minister's Office. Its objective is to manage the various export processing zones in Bangladesh. BEPZA currently oversees the operations of eight export processing zones (EPZ). A ninth zone is scheduled to open in the future. Recently government has announced that in 15 years 100 new EPZ and SEZ will be established. Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc is the current Executive Chairman of BEPZA. The Government provides numerous incentives for investors for opening factories in EPZs. For example, new factories enjoy tax holidays for 5 years. Also, labour unions and other activities that are often viewed detrimental to productivity, are banned inside the EPZs. In order to stimulate rapid economic growth of the country, particularly through industrialization, the government has adopted an 'Open Door Policy' to attract foreign investment to Bangladesh. The BEPZA is the official organ of the government to promote, attract and facilitate foreign investment in the EPZs. Besides, BEPZA as the competent Authority performs inspection & supervision of the compliances of the enterprises related to social & environmental issues, safety & security at work place in order to maintain harmonious labour-management & industrial relations in EPZs. The primary objective of an EPZ is to provide special areas where potential investors would find a congenial investment climate free from cumbersome procedures. Bangladesh's export revenue in FY23 is $55.55 billion, the highest amount ever.
Dutch-Bangla Bank PLC., one of the private commercial banks of Bangladesh, started its operation in Bangladesh as the first European joint venture bank. The bank was an effort by local shareholders spearheaded by Mr. M Sahabuddin Ahmed and the Dutch financial company FMO.
The textile and clothing industries provide a single source of growth in Bangladesh's rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. By 2002 exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh's total merchandise exports. Emerging as the world's second-largest exporter of ready-made garment (RMG) products, Bangladesh significantly bolstered employment within the manufacturing sector.
Dragon Group is a group of garment factories and other companies in Bangladesh. The group produces mainly for the international market and exports to more than 30 countries, especially the United States and Canada. Its subsidiary Dragon Sweater employs more than few thousand workers and in 2018 was the most traded stock on the Dhaka Stock Exchange.
Akij Group is one of the largest Bangladeshi industrial conglomerates. The industries under this conglomerate include textiles, tobacco, food and beverage, cement, ceramics, printing and packaging, pharmaceuticals, consumer products etc. In 2009, Akij Group paid 390 million euros in tax, making it the biggest local tax-payer, contributing two per cent to the nation's entire budget. Akij also provides services in healthcare, information and communication technology. Its turnover in 2009 was 89 billion taka. In 2018, Akij sold their tobacco division to JTI for $1.47 billion. It was the biggest ever single foreign direct investment in Bangladesh.
Bashundhara Group is a Bangladeshi conglomerate and one of the largest manufacturing companies in Bangladesh. It was incorporated in 1987 as a real estate company under the name East West Property Development Ltd (EWPD). After its first project turned out to be successful, the company grew quickly. It presently owns more than 50 major concerns throughout Bangladesh. The company's import-export turnover was $1.12 billion or BDT 111.38 billion in the 2022-23 fiscal year. In the 2018 fiscal year, the company's real estate holdings amounted to BDT 50,000 crores, or $4.6 billion.
Partex Group is one of the largest family-run conglomerates in Bangladesh, consisting of over 70 factories. The industries under this conglomerate include foods and beverages, steel, real estate, furniture, agribusiness, plastics, etc.
Ha-Meem Group is one of the largest Bangladeshi conglomerates in textile and garments sector. It owns 26 garments factories, sweater factory, poly bag industry, label factory, jute mill, chemical formulation plant, tea estates, transport company, Channel 24 and Samakal, a widely circulated national daily newspaper. The newspaper are under Times Media Limited of Ha-Meem Group. It employs 50 thousand people.
City Group is one of the largest Bangladeshi conglomerates. It began on 6 February 1972 as a mustard oil company venture under the name City Oil Mills. The first project of City Oil Mills turned out to be very successful. After then, the company grew very quickly. It presently owns more than 25 major concerns located throughout Bangladesh. Now, City Group stands as one of top ten business houses in Bangladesh.
NASSA Group of Industries was founded in 1990 by Nazrul Islam Mazumder. It is one of Bangladesh's largest industrial conglomerate
Uttara Export Processing Zone (UEPZ), also known as Uttara EPZ or Nilphamari EPZ, is the seventh of the eight export processing zone in Bangladesh located at Nilphamari. It's the only export processing zone of Rangpur division/ north Bengal. It was established in September 2001 on about 213.66 acres of lands in Sangloshi area in Nilphamari town.
Adamjee Export Processing Zone also known as Narayanganj EPZ is a special economic zone for producing export oriented products located in the industrial city of Siddhirganj, Bangladesh. Established in 2006, it has 245 acres of land with 229 industrial establishments. It is the 6th-largest special economic zone in Bangladesh
Anwar Group of Industries is one of the largest and oldest Bangladeshi conglomerates. It consists of 18 subsidiaries that are servicing consumer goods, steels, cement, textile, finance and automotive industry. Manwar Hossain is the Chairman of Anwar Group.
Square Group is a Bangladeshi diversified multinantional conglomerate based in Dhaka. Samuel S Chowdhury is the chairman and Tapan Chowdhury is managing director of Square Group. Square Group has 60 thousand employees.
Keya Group is a Bangladeshi diversified conglomerate based in Dhaka. The company was founded by Abdul Khalek Pathan in 1983. It is one of the largest cosmetic brands in Bangladesh.
Nitol Niloy Group is a Bangladeshi diversified conglomerate based in Dhaka. Its primary business is the import and distribution of Tata Motors vehicles in Bangladesh. Abdul Matlub Ahmad is the chairperson of Nitol Niloy Group. Selima Ahmad is the vice-chairperson of Nitol Niloy Group.
Mohammadi Group is a Bangladeshi diversified conglomerate based in Dhaka with a focus on the garments industry. It was founded by Annisul Huq. Rubana Huq is the managing director of Mohammadi Group. Navidul Huq is a director of the Mohammadi Group.
Uttara Group of Industries is a Bangladeshi diversified conglomerate based in Dhaka founded by Giridhari Lal Modi, a Marwari businessman.
Z. A. Morshed was an additional deputy inspector general of the Bangladesh Police. He died in the Mirpur textile factory fire in 2013.