US-based world-renowned magazine Newsweek has published a special report highlighting the success of Bangladesh’s economy in the last decade. It is said that the real GDP growth of Bangladesh from 2010 to 2019 was an average of 6.8 percent. The IMF has given a glimpse of 6.6 percent growth this year. According to the agency, growth will exceed pre-pandemic levels to 7.1 percent by 2023.
Bangladesh celebrates its 50th anniversary of independence in 2021, according to the report titled ‘Bangladesh: A New Nation’s Fast Track to a Prosperous Future’. The country is entering the second half century with a strong position. Bangladesh is currently one of the fastest growing economies in the Asia-Pacific region. Along with consistent development in key sectors of the economy, there has been significant progress in poverty alleviation.
Since 2009, Sheikh Hasina, the daughter of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, has been the Prime Minister of Bangladesh. At this time, the internal economy of the country underwent a rapid transformation. Today’s Bangladesh is a country that is moving towards a truly prosperous future.
Newsweek says that Bangladesh is one of the countries whose economy will have the strongest and most sustainable appearance after overcoming the hostile situation. Behind this economic success is a strong industrial sector along with demographic advantages. In this context, Newsweek has discussed various leading businesses in Bangladesh. It highlights the activities of Transcom Group, Concord Group, United Group, Hosaf Group, Multimode Group, Envoy Group, Confidence Group etc.
The report describes the Transcom Group as ‘Bangladesh’s leading business with excellence and ethics’. Transcom’s business began in 1885, with investments in tea and jute industries. Transcom started anew in 1973 after independence.
At present Transcom is active in a wide range of economies. There are businesses in various sectors including healthcare, consumer goods, food and soft drinks, electronics, logistics, marketing, media. Transcom is now one of the largest, most diverse and fastest growing industrial groups in Bangladesh. Transcom’s Chief Executive Officer (CEO) Simin Rahman outlines the values on which the company operates as follows: ethics, quality, trust and sustainable business. He said, “How we are as a group is revealed by our founding chairman Latifur Rahman receiving the Oslo Business for Peace Award in 2012.”