Bangladesh top textile group eyeing Pakistani market

16 Oct, 2004

Beximco, Bangladesh's largest textile group, is eyeing Pakistan market for investment. Its CEO Hussain called on President Pervez Musharraf and showed keen interest in investing in Pakistan.
Hussain informed the President of Pakistan that his group intends to venture into Pakistan's growing economy.
Hussain said Beximco is also planning to establish a chain of super stores in Pakistan and marketing of Bone China tableware products.
He also met Chairman Senate Mohammadmian Soomro and Chairman Fauji Foundation, Lieutenant General Syed Muhammad Amjad (Retd) and other senior government officials.
Beximco CEO deliberated upon ways and means to find a niche for the group in Pakistan.
Beximco is the largest textile group in South Asia. It is also a major investor in pharmaceutical, real estate and ceramics in Bangladesh.
The group comprises 20 percent of the total value of the Dhaka Stock Exchange. Its textile wing produces over 50 million meters of woven fabrics as well as 5,000 tons of knits with a capacity to finish over 50 million garments.
Beximco group is also the largest producer of medicine and infusions in Bangladesh and the biggest owner of private land and property developments. The Group is a well-known name in the manufacturing of Bone China tableware products and rolls out 50,000 pieces per day.

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