Aditi Singh 
The conglomerate in Bangladesh, BEXIMCO Group, is a big name even at the global level. Across different countries, Sohail F Rahman along with his brother Salman F Rahman has expanded it. This expansion has been strategic ever since the emergence of the group during the 1970s. The founder of the conglomerate began it with a clear and strong vision. Aiming to take Bangladesh to the world, he employed various strategies. The company continues to leave a global footprint as its expansion is observed. Ranging from alliances and product quality to the setting up of the BEXIMCO Industrial Park, the approaches have been visibly impactful.
Alliances and Partnerships of BEXIMCO
BEXIMCO Group by Ahmed Sohail Fasiur Rahman entered partnerships/alliances to broaden its operations and reach. This strategy was exercised for different verticals, ranging from pharmaceuticals to textiles. Hence, the growth of all of these has been observed.
Collaborations for Entries in Pharma Markets
The division, Beximco Pharmaceuticals, collaborated with top companies or bodies across the globe. This helped in accessing licensing agreements. Following this, it produced generic drugs. These medicines paved the way to enter markets internationally, mainly in Europe and North America. Sohail F Rahman’s strategy, thus, led to new milestones for this division.
Partnering with FibreTrace
This conglomerate’s textile and apparel division has partnered with organizations to enhance its processes. Its partnership with FibreTrace is a notable example of the same. It has improved the traceability of the supply chain. This has positively impacted its sustainable practices too.
While these are only a few alliances to name, Mr. Rahman has invested in numerous others. They have improved the operations of the verticals in distinctive ways. Aside from this, their operations have expanded internationally in the respective sectors.
Maintaining Product/Service Quality Domestically and Internationally
In accordance with the views of Mr. Rahman, the expansion of a business depends on many factors, one of which includes product or service quality. The entrepreneur in Bangladesh has strategically utilized this factor to expand domestically to internationally.
Through its industry verticals, the group has manufactured products of world-class quality.
- Its textile vertical is notable for the quality of fabrics and apparel.
- The ceramics division is the best manufacturer due to the designs featured in high-quality tableware.
- As a PPE manufacturer, it is preferred for the equipment in many countries.
- The success of the pharma vertical is huge. Product quality has played a key role in the same.
There are various industry verticals of Mr. Rahman’s conglomerate in Bangladesh. They maintain this aspect in multiple ways. This is largely due to the approach of the entrepreneur that has brought major success to each vertical.
Developing Infrastructure to Strengthen Manufacturing
For the divisions associated with BEXIMCO Group, Sohail F Rahman considered it wise to invest in excellent infrastructure to enhance manufacturing. These investments have been observed in the form of the latest equipment and technologies. In addition, the workforce of the company is timely and regularly trained to utilize these.
Establishing the BEXIMCO Industrial Park
The BEXIMCO Industrial Park was formed for smooth production and manufacturing. The founder of the conglomerate, Mr. Rahman has equipped this facility with modern machinery and technologies.
Numerous plants have been installed within. It has been featured with captive power generation. Besides, there are facilities for liquid nitrogen, water purification, as well as the treatment of wastewater. Other than these, there is machinery to produce commodities and manufacture them with ease.
- The availability of the park has made it possible to seamlessly produce goods in large quantities.
- Thus, demand and supply can be maintained, opines Ahmed Sohail Fasiur Rahman.
- The Bangladeshi entrepreneur adds that in the international markets, this park enables the company to be a reliable manufacturer.
- It can be relied on to source the best quality products in huge quantities.
To Conclude,
Indeed, Sohail F Rahman is a visionary businessman, notable for his expansion strategies for BEXIMCO Group. These have been transformative in making the company a big name globally and have certainly taken Bangladesh to the world. Besides, the approaches have been innovative and sustainable. With each forward-thinking move, Mr. Rahman’s conglomerate has excelled in the international markets.
