Salman F Rahman looks to drive economic development through politics

Leading businessman and founder of Beximco Group, Salman F Rahman has been nominated by the Awami League to contest for Dhaka-1 constituency. Belonging to one of the first business families in post-independence Bangladesh, his contribution to the industries is nothing short of amazing. More than his achievements, the country’s development with his journey of transforming a raw material exporting company to the biggest conglomerate of Bangladesh is testament to his role.

After the demise of his father in 1966, his business journey began with an inherited jute mill. When he brought the mill to a profit-making stage, nationalization of jute industry in 1971 made him lose control of the mill. That is when he, along with his brother, shifted their attention to seafood exports and set up Beximco in 1972. Instead of solely targeting paper figures, he imported medicines from the export companies in order to help Bangladesh meet its corresponding demands. This initiated the chain of Beximco’s expansion in 1980 with Beximco Pharmaceuticals. The pharmaceutical arm went on to become the first Bangladeshi company to be listed on the London Stock Exchange. Hence, the execution of his vision through Beximco enhanced the overall business sector.

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.

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