DHAKA -- As production costs rise in China, Bangladesh grows ever more important as a supply center for Western clothing brands and, increasingly, drug companies. Beximco Group, the South Asian country's largest private conglomerate, is a major player in both sectors -- along with porcelain, tourism, banking and transport.
The group's apparel customers include Zara and H&M. Beximco Pharmaceuticals, meanwhile, was the first Bangladeshi company to list in London and has produced drugs under license from companies such as GlaxoSmithKline and Novartis. Beximco holds a 30% stake in Dhaka-based International Finance Investment and Commerce Bank as well.
