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Story Of Salman F Rahman (সালমান এ। রহমান)

Salman Fazlur Rahman, prominently known as Salman F Rahman, is a Bangladeshi industrialist and philanthropist. He is the co-founder and vice chairman of Beximco Group, one of the largest business conglomerates in Bangladesh.

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Story Of Salman F Rahman (সালমান এ। রহমান)

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  1. Salman F Rahman Bangladeshi industrialist and philanthropist.

  2. Short biography

  3. Salman Fazlur Rahman, prominently known as Salman F Rahman, is a Bangladeshi industrialist and philanthropist. He is the co-founder and vice chairman of Beximco Group, one of the largest business conglomerates in Bangladesh. In 2018, he participated in the National Election from Dhaka-1 constituency (Dohar and Nawabganjupazilas) and was elected as a Member of Parliament. At present, he is holding the rank of a cabinet minister and serving as the Private Sector Industry and Investment Adviser to Honorable Prime Minister Sheikh Hasina. His visionary steps over the years have significantly contributed in shaping up the country’s business and economic growth.  Son of Fazlur Rahman and SyedaFatina Rahman, Salman F Rahman’s origin is from DoharUpazila of Dhaka District. He was born in 1951. He is married to SyedaRubaba Rahman and has a son named Ahmed ShayanFazlur Rahman.

  4. Business Salman F Rahman joined into family business in mid 1960s. In 1972, he along with his brother Ahmed SohailFasiur Rahman founded Bangladesh Export and Import Company Limited (Beximco) and started exporting seafood and crushed bones to Europe and importing medicines in exchange.As Beximco has grown over the years, it is now one of the largest private sector industrial conglomerates in Bangladesh with Salman F Rahman as its Vice Chairman. This conglomerate has operations and investments across a wide range of industries including textiles, pharmaceuticals, trading, marine food, real estate development, construction, information and communication technologies, media, ceramics, financial services, and energy. BeximcoPharma was listed as the first Bangladeshi company in the Alternative Investment Market of London Stock Exchange. Beximco is also the largest employer in the private sector in Bangladesh and employs over 70,000 people worldwide.

  5. Political career

  6. Looking upon the previous contributions, the speculated political future of Salman F Rahman is expected to bolster the economic development of Bangladesh. This comes after his understanding of global markets and subsequent experience of almost four decades. His expertise will help the government achieve its goal of developing a sustainable and developed country. Amalgamation of local and foreign business know-hows will help in streamlining the upcoming infrastructural developments of Bangladesh. The strengthening of private sector will simultaneously generate employment opportunities, thereby generating a need to increase the country’s skilled labor and consequently, promote other sectors like information technology and youth education to collectively work as a single unit towards the progress and prosperity of Bangladesh. With the pace of progress, development, and decision-making displayed by Salman F Rahman in his corporate career, it is expected that his political involvement will act as a catalyst for the country in achieving Vision 2041. Salman F Rahman in the 20 December’s election won the election from Dhaka-1 constituency and has achieved the position of a minister without salary. With this, a Special Economic Zone (SEZ) is expected to be set up in the Dohar-Nawabganj area for its development. The zone is expected to improve the price of the aforementioned land as well as work towards creating better employment opportunities in the region.  

  7. Media

  8. Rahman Brothers: Navigating Bangladesh towards achieving a Global Footprint Almost a decade ago, when the Rahman brothers, Sohail and Salman, explored Sarabo near Dhaka, the area was completely covered by lush fields and streams. “We had to get the local boys to ferry us in their boats to explore the land,” says Salman F Rahman, Beximco Group’s vice chairman. A rapid evolution has happened in the 10 years; the squelchy land has been sapped and Beximco’s infrastructure, including ceramics and textiles factories, is built on it. More than 7,000 workers are hired on the site to mass-produce cloth, bone china crockery, and jeans. The textile industrial unit runs the array of operations from whirling and weaving to dyeing and finishing clothing products. With $834 million (Rs 3,832 crore) in revenue, 45,000 employees, and a market capitalisation of $1.7 billion on the Dhaka Stock Exchange, Beximco is Bangladesh’s largest private conglomerate with five listed companies and 23 unlisted ones that straddle aviation, textiles, pharmaceuticals, media, real estate, financial services, energy, and ceramics. The numbers might not seem impressive when compared with companies in neighboring India and Pakistan (by revenue, it’s about the size of India’s Godrej Industries, which was ranked 185 in the Fortune India 500, and much smaller than Pakistan’s Nishat Group, which has annual revenues of $2 billion).

  9. The Rahmans belong to a Bengali background; however, the cultural aspect hasn’t helped perk up trade with India. “It’s easier for me to export to the U.S. than it is in India,” says Sohail F Rahman. This is the reason why Beximco runs sales offices from New York and Dallas. In addition, the company has also invested $25 million to set up a pharmaceutical inhaler plant in Jubail, Saudi Arabia, and established two retail garment stores under the umbrella of brand ‘Yellow’ in Pakistan, gearing up to expand operations in China and the Far East. Beximco’s growth so far has been impressive. It was incepted when the country was struggling blood-spattered battle for independence from Pakistan. When Bangladesh plead for international assistance in 1971, then in power Henry Kissinger, the U.S. national security advisor to the Richard Nixon administration, notably declined the idea, saying “the place is, and will always be a basket case”. Today, Beximco has driven the country into a phase of growth where the country has achieved a global footprint.

  10. সালমান এ। রহমান • Business and economic development often form the foundation of a nation’s growth and prosperity. On that note, any business-notion or unprecedented initiative on part of pioneers brings multitudes of upshots for a nation’s economy. In fact, several examples from history corroborate that fact – be it Henry Ford, Lee Kuan Yew or JRD Tata, individuals often can be attributed to kickstart a nation’s potential as well as its growth.For the South Asian nation of Bangladesh, Salman F Rahman (সালমান এ রহমান), the founder and head of Beximco, perhaps best describes that notion. A business magnate and industry captain, Salman’s efforts in setting up a business paradigm and a conducive environment for local businesses has been instrumental for the relatively nascent economy of Bangladesh.

  11. Helming the economy of Bangladesh from its infancy, Salman F Rahman’s efforts have been synonymous with the growth of Bangladesh. Salman F Rahman set up Beximco in 1972 after his family inherited jute mill was nationalized by then Government of Bangladesh in 1971. The business journey started out with seafood exports to target countries including Germany, France, the UK, Netherlands, and Belgium. The initial trajectory soon transformed into a journey towards setting a conglomerate that worked on Bangladesh’s strengths and harnessed its potential as well as gave the country and its trading partners an impetus to invest in Bangladeshi economy. An example for the uninitiated would be Salman’s initiative in the textile, seafood and the pharma industry. Where the country had a strong albeit unorganized textile industry in its infancy, it still had to import medicines for its burgeoning populace. That predicament possibly transformed into Bangladesh’s first private stint with the international market and resulted in Salman’s foray into international markets. The polarized status quo resulted in his inclination towards pharma wherein instead of making heavy profits in cash, he chose to import medicines worth the same cost to meet the country’s pharmaceutical demands. While this went on for a couple of years, he decided to manufacture and supply local pharmaceutical requirements from within the country. Consequently, 1976 witnessed the birth of Beximco Pharmaceuticals and since then, Beximco has expanded under Rahman’s vision and guidance. Apart from the company’s growth, Salman F Rahman traversed a journey of his own as a businessman and industrialist of note internationally – considering how he shaped the world’s perception towards Bangladesh’s indigenous industries and exports. The associated acumen, vision and experience further resulted in his appointment as the Private Sector Development Affairs adviser to the Bangladesh Awami League President Sheikh Hasina. Though the country’s rising GDP in the past decade is the testament of the aforementioned, Salman F Rahman’s belief of harnessing the country’s business potential for its enhanced prosperity could further be advanced to enhance, empower and strengthen the country’s economic potential at the political and administrative front.

  12. Thank You https://salmanfrahman.com/en/index.php

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