HSBC showcases MNCs’ success journey in Bangladesh

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has launched its publication featuring the success stories of multinational corporations (MNC) and their contributions towards the economic growth of Bangladesh.

The publication, titled ‘A journey of success in Bangladesh: How MNCs are thriving and investing back’, was made public in an event organised by HSBC, according to a press release issued on Monday.

Studded by international dignitaries from UK, USA, Japan, Spain, Norway, Switzerland, Netherlands, Denmark, Turkey, Singapore and Korea, the event was attended by CEOs and senior officials of the companies featured in the publication.

The booklet gives a closer look on how the MNCs operating in Bangladesh are breaking barriers in innovation and creating new opportunities for the country and its people.

Those same businesses also benefit from being in Bangladesh, accessing the skills, ambition and opportunities that this country offers.

Companies who are featured in the first edition of the booklet are: Bata Shoe Company (Bangladesh) Limited, GE Bangladesh, Syngenta Bangladesh Limited, Nestle Bangladesh Limited, Grameenphone Limited, HSBC Bangladesh, HMCL Niloy, Singer Bangladesh Limited, Unilever Bangladesh Limited, Linde Bangladesh Limited, Marubeni Corporation, Novartis (Bangladesh) Limited, and Youngone Corporation.

In addition to the book, videos of each corporate were screened on their contribution and journey of progress in Bangladesh.

Prime Minister’s Private Industry and Investment Adviser Salman F Rahman joined the publication event as the chief guest.

He expressed gratitude to HSBC Bangladesh for highlighting the success stories of established multinational companies in Bangladesh which will inspire upcoming investors.

“We have a grand vision to become an ‘upper middle-income country’ in the next decade and a ‘developed country’ by 2041 and welcome investors to invest in one of the fastest growing economies of the World,” Salman F Rahman said.

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md. Jashim Uddin was present at the event as a special guest.

The FBCCI president appreciated HSBC’s initiative of showcasing the success stories and contribution of MNCs in Bangladesh. He expressed his hope that the publication will help to draw foreign investment to further expand Bangladesh's economy, the fastest growing economy in South Asia.

“Bangladesh is an investment-friendly country with great prospects and promising opportunities as we are providing the most liberal incentives to the foreign investors compared to many similar investment destinations,” he added.

Underscoring the importance of international connectivity for the growth and expansion of businesses, Co-Chief Executive of HSBC Asia Pacific Surendra Rosha said, “Utilising HSBC's expansive global network, we are uniquely positioned to support our clients’ international ambitions and help them navigate their journey beyond borders.”

Surendra Rosha said, “We are committed to further developing HSBC’s franchise in the Bangladesh market which is increasingly vital to global trade and international supply chains.”

For more than 26 years, HSBC has carved out a vital role as a leading international trade bank, consolidating its corporate proposition, and been noted for its unique expertise, specialist knowledge and best-in-class international connectivity, the press release said.

“Through HSBC’s global network and leadership in international trade, It continues to drive best practices and high international standards so that Bangladesh is well-positioned to take advantage of globalisation, as well as the localization,” the released added.