Private Industry and Investment Advisor to Prime Minister, Salman F Rahman on Monday said that one of the cornerstones of Bangladesh Government’s economic policy is to really develop the private sector.
He said “I am very happy about P&G’s investment in Bangladesh, and it sends a very strong signal not only to other US companies but all over the world. That’s because P&G’s size, reputation and position as a successful global company.”
He was addressing the inauguration of PRAN group’s new manufacturing facility in Bangladesh virtually.
Procter & Gamble (P&G), world’s largest FMCG company, and PRAN Group, Bangladesh’s leading business conglomerate, recently inaugurated the new facility which will undertake manufacturing of P&G branded products in Bangladesh.
Virtually addressing the event Earl R Millar, U.S ambassador to Bangladesh said, “Today marks a new day in the history of United States and Bangladesh’s economic cooperation as P&G joins other US firms and grasping massive potentials Bangladesh has as a major manufacturing base.”
Md. Sirazul Islam, Executive Chairman at Bangladesh Investment Development Authority (BIDA) said, “I hope this initiative will translate to the creation of value and employment for Bangladeshi men and women especially our young people who can grow as professionals by working in knowledge-based environment.”
Procter & Gamble (P&G) have entered into a manufacturing and supply arrangement and PRAN Group has set-up a new facility to manufacture superior grooming products.
This contract manufacturing site will be operated by Advanced Personal Care Limited (APCL), a sister concern of PRAN group. The site is located at Habiganj Industrial Park at Olipur under SayestaganjUpazila in Habiganj and will manufacture razors for P&G.
MadhusudanGopalan, CEO, P&G South Asia said, “Our portfolio of superior products has been touching and improving lives of consumers in Bangladesh since 1994. This arrangement with PRAN to set up local contract manufacturing will enable us to serve our consumers further. It also builds on our commitment to invest in Bangladesh which will contribute towards advancing the country’s social and economic development by creating employment and partnering opportunities.”
Ahsan Khan Chowdhury, Chairman and CEO at PRAN-RFL Group said, “We are proud to be P&G’s partner in manufacturing superior products for Bangladeshi consumers.”
The manufacturing facility will commence operations starting February 2021.
