Four exporters receive HSBC excellence awards

The Hongkong
and Shanghai Banking Corporation Limited (HSBC) in Bangladesh has recognised
four local companies with the HSBC Export Excellence Awards for their
contribution to the country's export growth and global trade competitiveness.
The award recipients are Flamingo Fashions Limited, NZ Tex Group, Janata Jute
Mills Limited and Sadat Jute Industries Limited, and Ulkasemi Pvt Limited.
The awards
were handed over at an event at the Radisson Blu Water Garden Hotel in Dhaka
yesterday. The programme was organised in partnership with the commerce
ministry and the British High Commission in Dhaka, while KPMG Advisory Services
was the technical partner.
Mohammad Enayetur Rahman,
chief executive officer and president of Ulkasemi, Md Saleudh Zaman Khan,
managing director of NZ Tex Group, Md Abdul Jabbar, managing director of
Flamingo Fashions Limited, and Helal Ahmed, deputy managing director of Janata
Jute Mills Limited and Sadat Jute Industries Limited, received the awards.
Commerce Adviser Sk Bashir Uddin attended the event as the chief guest. British
High Commissioner to Bangladesh Sarah Cooke joined as the special guest.
Bangladesh Bank Governor Ahsan H Mansur, HSBC Bangladesh Chief Executive
Officer Md Mahbub ur Rahman and representatives from a wide range of sectors
were also present.
This year's winners were
chosen based on several factors, such as annual contribution to national
exports and the wider economy, diversity, responsibility, sustainable business
practices, strength in governance, and regulatory compliance, HSBC said in a
statement.
Flamingo Fashions Limited
received the Export Excellence award in the ready-made garments category for
export revenue of $100 million and above.
The vertically integrated manufacturer produces 44 million pieces a year and
supplies brands in 50 countries. It has invested in GRS-certified recycling,
renewable energy, and water-efficient dyeing as part of a broader
sustainability drive.
NZ Tex Group won in the
ready-made garments backward linkage category for export revenue of $50 million
and above.
The group produces 52,000
tonnes of yarn annually across spinning, woven, denim and linen operations. It
holds certifications from several international sustainability bodies for its
work in renewable energy and water-saving initiatives.
Janata Jute Mills Limited and
Sadat Jute Industries Limited received the award in the non-traditional and
emerging sectors manufacturing category for export revenue of $10 million and
above.
The company was recognised
for expanding jute into technical textiles, geo textiles and sustainable
packaging, with exports reaching nearly 90 countries.
Alongside classic hessian and
sacking, the firm now produces technical textiles, geo textiles, non-woven
felt, retail accessories and eco-friendly packaging.
The use of renewable energy,
resource-efficient operations and investment in workforce development highlight
its advancement as an emerging leader in modern manufacturing.
Ulkasemi Pvt Limited won in
the non-traditional and emerging sectors category for export revenue of $5
million and above.
As a design centre alliance
partner of Taiwan Semiconductor Manufacturing Company, one of only 29 globally,
Ulkasemi provides design, verification, custom layouts and post-silicon
services for clients in the United States, China, Taiwan and India.
"Today's awards
celebrate the grit and ambition of our exporters, but the path ahead requires
strategic evolution," said HSBC Bangladesh CEO Rahman.
"While acknowledging the
current success, we must work collaboratively for the country to achieve
greater market diversification and maximise the benefits of existing and future
preferential trade agreements," he added.
BUSINESSES CALL FOR STABILITY
At the event, business
leaders were asked about the challenges they faced over the past 12 months.
They pointed to "mob justice", political uncertainty and frequent
policy shifts as major concerns.
AK Azad, former president of
the Federation of Bangladesh Chambers of Commerce and Industry, said anxiety
has grown among businesses as many fear becoming targets of false cases. Some
vested groups have filed baseless allegations against entrepreneurs.
Abdul Hai Sarkar, president
of the Bangladesh Association of Banks, said he believed these fears and wider
challenges would ease once the national election is held.
At the programme, Bangladesh
Bank Governor Ahsan H Mansur said the country has huge potential to expand and
diversify its exports.
He said the private sector
must drive this diversification. "Diversification should start from our
best performing sector RMG."
The BB governor said
exporters need to broaden their markets and explore new sectors, as they
already understand global value chains and have room to expand.
The governor said he would
always stand by exporters on the exchange rate policy.
Sarah Cooke, British High
Commissioner to Bangladesh, reaffirmed the United Kingdom's commitment to
supporting Bangladesh's economic growth through trade, investment and strategic
partnerships, with a focus on sustainability, innovation and inclusive
development.
She said UK businesses have
long contributed to Bangladesh's progress, from finance to fashion. "After
Bangladesh's graduation from LDC status, exports can only be the engine of
economic growth and job creation."
She added that trade success
rests on people, partnerships and shared values.
The high commissioner said
the UK is working with the interim government to improve the ease of doing
business, including reducing red tape through initiatives with the Bangladesh
Investment Development Authority (Bida).
She added that the UK is also
investing in Bangladesh's future through British International Investment and
UK Export Finance, which have £2 billion available for projects in areas such
as infrastructure, renewable energy and aviation.
"Together, we can build
a future that is innovative, resilient, and green," she said.
Commerce Adviser Sk Bashir
Uddin said exporters play a vital role in the country's economy.
"Our exporters are
champions in resilience."
The adviser said the commerce
ministry is working to support the private sector by prioritising
competitiveness and innovation to help businesses secure greater export
opportunities.
















