Akij Ceramics has entered the tableware business to snare a share of the domestic request and diversify the range of products it exports. According to the Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA), around Tk 652 crore-worth pottery, chopstick and dinnerware are on average in the country every time. Still, the sector witnessed a 6 percent negative growth in the fiscal time 2019-20 as a part of the epidemic's fallouts. In malignancy of this, the average periodic growth over the once three fiscal times was 17 percent. Akij Ceramics organized a form at InterContinental Dhaka history marking the launch of its tableware where Sheikh Bashir Uddin, Managing Director of Akij Group, was present.
"Following the success of ceramic penstocks and sanitary ware, Akij Group introduced Akij tableware to snare a share of the growing request," said Mohammad Khourshed Alam, director, deals and marketing, Akij Ceramics. He said they invested over Tk 200 crore to set up the tableware manufacturing factory on over 25 acres of land at Trishal in Mymensingh and created direct employment for around people there. According to him, it has been 12 times since this sector saw such a big investment. Protik Ceramics made the last investment in 2009. He said the European ministry has been set up at the factory to ensure quality and attract foreign buyers. Alam said the factory has a capacity to manufacture pieces of products per day and within one time the capacity would increase to1.25 lakh pieces.
Akij Group realized that the tableware request has been expanding steadily for the last couple of times with the up-gradation in the cultures of people and the middle class decreasingly growing a relish towards ceramics products, he said. According to the BCMEA, there are presently 20 companies manufacturing 26.19 crore pieces of tableware per time, enabling direct employment of people and having made investments worth Tk crore. The BCMEA sources also said foreign tableware still dominates about 27 percent of the periodic domestic request deals. The tableware sector earned Tk 491 crore through exports in the fiscal time 2018-19 and Tk 421 crore in 2019-20. On the other hand, Bangladesh imported tableware worth Tk 174 crore in 2018-19 and Tk 173.35 crore in 2019-20.
When the 'Aromatic Halal Soap' was launched back in the 1990s, it reared everything for others. The halal cleaner from Jamuna Group was an immediate sensation that saw its deals soar and challengers plant themselves out of breath. In the end, the brand changed hands for hefty quantities but nothing could make it as successful as Syed Alamgir could for Jamuna. Eventually, the most sensational cleaner brand still failed in the wrong hands. But the 'halal marketing conception' has made its way as a case study into marketing practitioner Philip Kotler's book Principle of Marketing A South Asian Perspective (13th edition).
The story doesn't end then for Alamgir. He joined the ACI and worked to make its food and consumer particulars among the best-dealing brands. The big story is how ACI's detergent Savlon outpaced the formerly inarguable request leader Dettol. That marketing genius Syed Alamgir has now joined Akij Venture with an unvarying eye on another growth dream. He wants to disrupt the request one further time. The Business Standard had a talk with Alamgir and explored his inner provocation and his unborn dreams.
For the first time, the government has honored 30 companies from six sectors with the Green Factory Award for maintaining a safe and decent work terrain, use of environmentally-friendly technology, and effective labor force. Entrepreneurs say the award will help enhance their image, encouraging other companies to produce green manufactories.
On behalf of Prime Minister Sheikh Hasina, who shared in the function as a principal guest through videotape conferencing, State Minister for Labour and Employment Monnujan Sufian distributed the awards on Wednesday as part of fests marking the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. Akij Food and Beverage awarded in the food manufacturing sector.
Akij Venture, a concern of Akij Group, has expressed its intention to invest Tk3,480 crore to set up 18 manufacturing installations at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram. The investment will be made over the coming 10 times in three phases. An original offer for the investment design has formerly been placed with the Bangladesh Economic Zones Authority (Beza) for blessing, said Ferdoush Saleheen, principal force chain officer of Akij Venture.
"Akij Group always makes quality investments and ensures the development of transnational standard installations to snare the domestic and global requests," he said. As per the plan, Akij Venture would make the investment to establish product installations, which will produce new jobs. Although the design is still in its early stage, Akij Venture has sought cooperation from the Beza to help materialize its plans by furnishing needed land.
Akij Venture has sought 307 acres of land at the BSMSN to accommodate the design, which includes a private harborage to load and discharge goods. The 18 new units would be divided into five artificial sectors chemical, agribusiness, electrical, food, and libation. The group expects the investment to contribute Tk crore per annum to the gross domestic product. Akij Group is one of the largest artificial empires in Bangladesh and consists of 24 accessories. Its history dates back to 1950 and employs further than people at present.
The design is anticipated to begin coming time and be complete in 2031. Still, the harborage and land development will begin as soon as possible after securing the land. Beza Executive Chairman Paban Chowdhury said that the agency would accommodate the offer as the group wants to grease quality investments. Akij Group is a large empire that would ensure quality products, which would contribute to the country's import handbasket, he added. The investment would also help make foreign investors more confident about investing in the country, Chowdhury said.
"The Beza is continuously perfecting its services and creating a business-friendly terrain for investors, both original and foreign," he said.The agency is developing the BSMSN on acres of land as part of its plan to construct 100 profitable zones across the country by 2030. Investment proffers worth $20 billion have formerly been approved at the BSMSN that might produce jobs for 10 lakh people.
Akij ceramics and Board arranged" Engineers' Night" at Radisson Blu Chattogram Bay View on 23 October. The rearmost product portfolio from Akij Ceramics and Board was displayed to the famed engineers from Chattogram, attended the program, said a press release. Engineers said the rearmost inventions from Akij Ceramics and Board are veritably instigative to witness. Hopefully, they will always excite us with the ultramodern armature.
Institute of Engineers Bangladesh (IAB)-Chittagong Chapter Chairman Ashiq Imran, Deputy Chairman Faruk Ahmed, Secretary Fazle Imran Chy were present there.