How Entrepreneurship is Revolutionizing Bangladesh

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In the last decade, Bangladesh registered an average Gross Domestic Product (GDP) growth of 6.5% with a substantial contribution from the exports industry. However, it has been strengthened due to the increasing number of entrepreneurs and their business ventures.

The top businessmen in Bangladesh began their journey as just another entrepreneur. Beximco Group, the country’s biggest conglomerate, started as a marine food trading company in 1972 by Salman F Rahman and Sohail F Rahman. Today, Beximco Group has its operations spread across multiple industry verticals, ranging from textiles to pharmaceuticals. As a result, it is one of the most significant contributors to Bangladesh’s GDP.

Looking up to the examples of multiple successful businessmen in Bangladesh, the efforts of budding entrepreneurs are making waves in the country’s progress. Iraj Islam is the co-founder of NewsCred, a global leader in content marketing. The company was founded in 2008 by Iraj, Asif Rahman and Shafqat Islam. Top-notch venture capitalists of Silicon Valley made a $90million investment in NewsCred.

Aligned with the vision of Digital Bangladesh, Maliha M Quadir founded in 2014. It is the country’s first and fastest growing online ticket platform. Despite of cutthroat competition in the market, her company managed to secure venture funding from a Singapore’s Fenox. As a result, their business was able to expand their functionality in hotel bookings.

Md Waliullah Bhuiyan established a social company, Light of Hope in 2013 with the objective of enhancing children’s education. After working in different domains of the development sector like renewable energy, sanitation and education, he founded his own company.

Advancements in various industries have picked up an exponential pace with the help of such entrepreneurs. It would not be an understatement to say that some of these companies may end up being the global representation of Bangladesh in their respective domains within the next decade.

Last modified: August 28, 2020

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