Top 10 Business Groups in Bangladesh - BD Business Survey (2023)

FAQs

What are the top business sectors in Bangladesh? ›

Bangladesh Business, Economy, Trade

Bangladesh's main industries are cotton, textiles, jute, garments, tea processing, paper newsprint, cement, chemical fertilizers, sugar and light engineering.

1. Unilever Bangladesh. Unilever is arguably the biggest MNC in Bangladesh.

The order of the 11 sectors based on size is as follows: Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Agriculture has been functioning in Bangladesh for a long as a catalyst for sustainable development and growth of the country. It is the largest employment sector in Bangladesh.

Hongkong and Shanghai Banking Corporation Limited (HSBC) has been voted 'Market Leader' in Bangladesh for the 13th time and the 'Best Service' in Bangladesh for five years in a row, in the Euromoney Cash Management Survey 2022.

Textile, machinery market growing fast in Bangladesh.

Moosa Bin Shamsher (Bengali: মুসা বিন শমসের; born 15 October 1945) is a Bangladeshi businessman and the chairman and chief executive officer of DATCO Group.

Which is the poorest division in Bangladesh? ›

The northern Kurigram district remains the poorest district, with 54% extreme poverty and about 77% of overall poverty, according to a recent survey by the General Economics Division of Bangladesh Institute of Development Studies and the UK's University of Bath.

M.M. Ispahani Limited (Bengali: এম এম ইস্পাহানি লিমিটেড), also known as The Ispahani Group, is a Bangladeshi conglomerate headquartered in Chittagong. Founded in 1820, it is the oldest company in Bangladesh and is owned by the Ispahani family.

Marmas. Marmas are the second largest ethnic group in Bangladesh and they are of Burmese (Myanmar) ancestry. The Marmas regarded Burma (Myanmar) as the centre of their cultural life. The region they live in was part of the Kingdom of Mrauk U, before the kingdom was conquered by the Bengal Sultanate.

Which are the major industries in the Indian Economy? Answer: The major industries in the Indian Economy are Iron & Steel, Textiles, Jute, Sugar, Cement, Paper, Petrochemical, Automobile, Information Technology (IT), and Banking & Insurance.

Agricultural sector is still the largest employer in Bangladesh. It accounts for 37.6% of the total work force and 13.1% of the GDP.

What industry dominates the Bangladesh economy? ›

Bangladesh has remained largely agricultural, with nearly half the population employed in this sector in the early 21st century. Rice is the predominant agricultural product, but jute and tea, both of which are key sources of foreign exchange, also are important.

The founder of DATKO group, Musa Bin Shamser has so far earned 1.5 billion dollars from his immigration business. He is the richest person among many other money makers in Bangladesh. Musa is known as Prince Musa in Bangladesh.

There are 2,669 billionaires in the world, and none of them belong to Bangladesh, as reported in the recently released 2022 World's Billionaires list by Forbes.

The Sheikh Mujib family (Bengali: শেখ মুজিব পরিবার) is a prominent Bangladeshi political dynasty, which primarily consists of Sheikh Mujibur Rahman, Sheikh Hasina and their relatives. The Sheikh Mujib family is most powerful family In Bangladesh.

Hong Kong has become one of the top 10 foreign investors in Bangladesh, pouring $1.8 billion till date mainly in the textile and energy sectors, said Rizwan Rahman, president of the Dhaka Chamber of Commerce and Industry (DCCI).

Aziz Mohammad Bhai was born in 1962 to Mohammad Bhai and Khatija Mohammad Bhai, émigrés to Bangladesh from Gujarat, India and is of Gujarati and Persian descent.

Jamuna Future Park, the largest shopping complex in Bangladesh, is located at Kuril, Dhaka.

Among Bangladesh's most valuable consumer products in 2021 are: processed petroleum oils, phone devices including smartphones, petroleum gas, palm oil and soya beans.

E-Commerce Business

E-commerce is the fastest growing industry in Bangladesh. It is making progress at a rapid pace. On average, about 50 new companies start their-e-commerce business each day.

Which is the potential investment sector in Bangladesh? ›

The blue economy is the new potential sector of investment in Bangladesh and it is possible to earn billions of dollars from this sector in the next few years with suitable policies in place, said Bangladesh Investment Development Authority (Bida) Executive Chairman Md Sirazul Islam.

Gulshan. Gulshan is one of the most affluent areas of Dhaka. You will be awestruck by the glaring beauty of this area. The sublimely designed houses, premium restaurants & shopping places promote the luxury of this area.

Sylhet is the capital and richest city of the Sylhet Division in Bangladesh with a population of over 500,000 residents.

Once known as one of the poorest countries in the world since independence in 1971, Bangladesh has surpassed India, the world's 6th largest economy, in several economic and social indicators in the last 50 years. But how exactly has Bangladesh been able to move ahead of India?

With a vibrant workforce, Bangladesh is fast becoming one of Asia's most attractive outsourcing destinations. The average salary in Bangladesh is 312,000 BDT (Bangladeshi Taka) per year. That's around 3,034.56 USD per year as per the December 2022 exchange rates.

Strategic location, regional connectivity and worldwide access. Bangladesh is strategically located in between India, China and ASEAN markets. As the South Asian Free Trade Area (SAFTA) comes into force, investors in Bangladesh enjoy duty-free access to India along with EU, Japan and major developed countries.

In 2021, the share of agriculture in Bangladesh's gross domestic product was 11.63 percent, industry contributed approximately 33.32 percent and the services sector contributed about 51.3 percent.

Agriculture and fishing

Bangladesh has remained largely agricultural, with nearly half the population employed in this sector in the early 21st century. Rice is the predominant agricultural product, but jute and tea, both of which are key sources of foreign exchange, also are important.

What are the major sectors of the economy in Bangladesh? ›

Agricultural sector is still the largest employer in Bangladesh. It accounts for 37.6% of the total work force and 13.1% of the GDP. Industry employs 21.4% and represents 27.8% of GDP. Services account for 53.5% of GDP and employ 39.8% of the total workforce.

The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).

E-commerce is the fastest growing industry in Bangladesh. It is making progress at a rapid pace. On average, about 50 new companies start their-e-commerce business each day.

These sectors include healthcare, materials, real estate, consumer staples, consumer discretionary, utilities, energy, industrials, consumer services, financials, and technology.

Manufacturing (9.1%) and services (5.9%) were the fastest growing sectors. 3. The Bangladesh economy is dominated by the services sector.

In India, the largest of the 4 sectors in terms of contribution to the GDP of the nation is the services sector.

The country also has large pharmaceutical, footwear, and agricultural-processing industries. Other important sectors include construction, information, and communication technology (ICT) and business process outsourcing, light engineering, ship building, leather products, jute products, and ceramic products.

Most agricultural production in Bangladesh is characterized as traditional subsistence farming. Bangladesh produces a variety of agricultural products such as rice, wheat, corn, legumes, fruits, vegetables, meat, fish, seafood, and dairy products. Rice is the main staple in the Bangladeshi diet.

Sectors of Economy: Primary, Secondary, Tertiary, Quaternary and Quinary.

There are four types of sector groupings in the economy: primary, secondary, tertiary, and quaternary.

What is the recent trend of Bangladesh economy? ›

The economy grew by 6.94 percent in FY 2020-21. According to the provisional estimates of BBS, the GDP growth stood at 7.25 percent in FY 2021-22, 0.05 percentage point higher than the target rate and 0.31 percentage point higher than the previous fiscal year.