NN Online:
Nabil Group of Industries—a Rajshahi-based conglomerate—has strengthened its position as a major player in Bangladesh’s agro-commodity, while the group has significantly contributed to importing essential commodities such as lentils, soybean meal, yellow peas, and wheat.
The group entered the billion-dollar club in imports in FY2023-24. During the fiscal year, the group spent $1.21 billion to import lentils, soybean meal, yellow peas, and wheat, including the revenue that they paid to the government. The imports are through Nabil Auto Flour Mill, Nabil Naba Foods Ltd, and Nabil Feed Mills Ltd.
The distributors of Nabil Group are eager to establish this position, having played a unique role in the country for over a decade.
This excitement was evident among the group’s dealers and distributors at the ‘Partners Meet 2024’ event at Nabil Industrial Park in Paba, Rajshahi, on Saturday (December 7, 2024).
At the event, Nabil Group of Industries Founding Managing Director and Chief Executive Officer (CEO) Kbd Md Aminul Islam said the group has recently achieved a significant milestone by entering the billion-dollar club by importing, marking an important achievement for the company. This kind of success can generate excitement not only among the company’s stakeholders but also among dealers and business partners who may benefit from increased opportunities and growth.
At the event he said that the Nabil Group leads the lentil import market with a staggering 49.34 per cent share, accounting for nearly half of the country’s total imports from January 2023 to August 2024. The soybean meal import sector shows a more balanced distribution, with Nabil Group holding a 15.84 per cent share.
Aminul Islam said, “Since our inception in 2006, Nabil Group of Industries has experienced a remarkable journey marked by significant achievements and valuable lessons.
“We are trying to keep the supply chain smooth through adequate imports of business and consumer goods. Besides, we are trying to play a role in the country’s food security by locally producing eggs, poultry products, rice, and other essential products.”
Aminul Islam pointed out, “Nabil Group is supporting the economy, ensuring food security, and maintaining social stability. We imported a single product, ‘wheat,’ in the name of my proprietorship concern of Tk 7,134.59 million, which was equivalent to $63.70 million, during FY24.
Nabil Group further solidifies its leadership in the yellow peas market, controlling 56.83 per cent of total imports.
In addition to lentils and yellow peas, Nabil Group also holds a significant 24.47 per cent share of the wheat import market, positioning it as the top importer.
He said that Nabil is constantly establishing new industrial enterprises with the aim of expanding the agricultural industry, industrialization, and creating employment.
This group has become one of the leading companies in the country, especially in rice production. Nabil Group is currently the second largest rice producer. Nabil Group has a daily rice production capacity of 1,364 tons.
Senior officials, bank officials, journalists, various professionals, and dignitaries were present at the daylong event.
