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Govt not to do business, rather be enabler to businesses

Commerce Minister says at HSBC Business Excellence Award-2023


Published : 31 Oct 2023 10:24 PM

Commerce Minister Tipu Munshi said the government would not be involved in any business, rather it would be an enabler to businesses.

“We are working to improve things in order to attract foreign investments, including facilitating the ease of doing business and improving the supply of power”, Minister added. 

He was addressing the event of 3rd HSBC Business Excellence Awards at the Radisson Blu Dhaka Water Garden in the capital on Sunday.

The Hong Kong and Shanghai Banking Corporation (HSBC) honoured eight business enterprises of Bangladesh for their outstanding contribution to the sustainable growth of the economy even during challenging times.

Commerce Minister handed over the crests to the winners of the 3rd HSBC Business Excellence Awards.

The Awards ceremony was organised in partnership with the commerce ministry of Bangladesh and the British High Commission in Dhaka.

In her speech, British High Commissioner to Bangladesh Sarah Cooke said, “A vibrant and resilient private sector drives Bangladesh’s economic development.”

“I am pleased that the British High Commission Dhaka is joining HSBC to honour the best of these enterprises through the Business Excellence Awards, celebrating the innovation and ideas, which strengthen economic growth, create jobs, and attract more foreign investments.”

Ha-Meem Group, one of the largest textile and garments manufacturers in the country, was awarded in the readymade garment category with an annual export value of $50 million and above, according to a press release.

The company shipped products worth $700 million in the financial year that ended on June 30.

HSBC Bangladesh Chief Executive Officer Md Mahbub ur Rahman said Bangladesh’s business groups are transforming and reaching new heights with their resilience and excellence in the respective fields.

Gerard Kevin Haughey, country head of wholesale banking at HSBC Bangladesh, said HSBC is proud to partner with companies in various sectors, providing innovative solutions that help them achieve global excellence. AK Azad, managing director of Ha-Meem Group, Tapan Chowdhury, managing director of Square Group, Mirza Salman Ispahani, chairman of Ispahani Group, Md Hedayetullah, managing director of Syngenta Bangladesh, Shampa Rahman, director of City Group, Edgar Arturo Oviedo, director for supply chain of Gildan, Sheikh Md Monirul Islam, chief external and corporate affairs officer of bKash, and Ananta Saha, head of the international business division of Renata, accepted the trophies on behalf of their companies.