Bangladesh is a young and developing nation with long history and culture. Over the last 20 years, Bangladesh has seen consistent GDP growth of above 5%. It is projected to become a middle income country by the year 2021. Today, Bangladesh is the 44th largest economy in the world. Goldman Sachs, a leading Investment Bank, has included Bangladesh in the next 11 countries known as the N-11 as one of the emerging economies of the world after the BRIC nations of Brazil, Russia, India and China. Similarly, Price Waterhouse Coopers (PWC) has added Bangladesh in PWC30 list as one of the long term potential growth economy of the World by 2050.
Its youthful 160 million people are extremely resilient and prepared to take on many challenges of life. Living in fertile riverine land, Bangladeshis are also natural entrepreneurs and traders. The story of one of Bangladesh’s oldest industrial groups, A.K. Khan & Company Ltd, is intimately woven into the nation’s past, present and future.
A.K. Khan & Company Ltd. is one of the oldest and most renowned private sector organizations in Bangladesh. Late Mr. Abul Kasem Khan, popularly known as A.K. Khan, established the company after the Second World War in 1945. Mr. A.K. Khan started his business from Chittagong, and after India and Pakistan separated in 1947, Chittagong emerged as the foremost port city and business center of the country.
Within a decade, A.K. Khan and Company Limited became a leading industrial powerhouse and a major contributor to the national economy. In the early 1950s, Mr. A.K. Khan established Insurance Company, Financial Institution as well as manufacturing industries in Textiles, Jute, Plywood, Tannery, Heavy Electrical Goods, Shipping and Irrigation. From 1980s the Company started to grow through Joint Ventures (JV) with renowned Multinational Companies in Textile, Telecommunication, Community Based Water project and Deep Sea Fishing.
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