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Bangladesh is moving towards a truly prosperous future. Bangladesh is one of the countries whose economy will be the strongest and most sustainable. The US weekly magazine Newsweek in its latest issue featured the story of Bangladesh's spectacular economic progress and its achievements in poverty alleviation.
The New York-based
magazine said the nation is entering its second half-century in strong shape as
it has become one of the fastest-growing economies in the Asia-Pacific region
under Prime Minister Sheikh Hasina who has overseen a "rapid
turnaround". Domestic Economy” for more than a decade.
The expansion of industry led by domestic entrepreneurs
paved the way for Bangladesh to begin its journey towards becoming an
industrial state by reducing its high dependence on agriculture.
Industry's contribution to Bangladesh's economy grew from
less than 20 percent to 33.5 percent between 2010 and 2018, Newsweek said.
Industry's contribution to Bangladesh's economy rose from
less than 20 percent to more than a third (33.5 percent) between 2010 and 2018,
while manufacturing's contribution to gross domestic product has doubled since
1980, with exports growing 20-fold since 1990, Newsweeks said, from the
International Investors Division. Content
The magazine also features a number of outstanding
businesses, including the Transcom Group, that drive economic growth.
Transcom, relaunched in 1973 by its Founder Chairman Latifur
Rahman, is a fast-growing conglomerate in Bangladesh and is active in
diversified sectors of the economy, including healthcare, fast-moving consumer
goods, food and beverage, media, electronics, logistics, and distribution.
Latifur Rahman won the Oslo Business for Peace Award in 2012
for maintaining his commitment to social responsibility and ethical values.
"That is where our strength comes from, and this is the legacy our chairman left for us," said Transcom Group Chief Executive Officer Simeen Rahman.
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