It is with great pleasure that we welcome you to the very first issue of the EuroCham Bangladesh E-Newsletter. This platform is designed to keep our community connected, informed, and engaged on the latest developments important to European businesses in Bangladesh.
Through this newsletter, we aim to share updates on policy and regulatory developments, highlight opportunities for trade and investment, showcase success stories, and provide insights into the evolving business climate.
The EU remains Bangladesh’s largest trading partner, and together we are entering a new phase of opportunities and responsibilities—especially in the context of the country’s graduation from LDC status. Now more than ever, we believe in the importance of constructive engagement, compliance with international standards, and building a strong, competitive, and sustainable business environment.
We look forward to your active participation to make this newsletter a vibrant reflection of our shared journey.
Thank you for being part of this community. Warm regards,
EuroCham Chairperson and The Operations Team
EuroCham Overview
EuroCham Bangladesh, officially launched in December 2024 with the support of the European Union (EU) Delegation and EU Member States, has rapidly positioned itself as a key platform for strengthening EU–Bangladesh business relations. As a proud member of the European Business Organisation Worldwide Network (EBOWN) since March 2025, EuroCham connects Bangladesh to a global ecosystem of over 54 EuroChams, amplifying its voice in international trade and investment discussions.
With 57 members across diverse European industries
today—and counting, EuroCham serves as a unified voice for
European businesses, focusing on policy advocacy,
sustainable growth, and fostering meaningful public–private
dialogue. Its sectoral working groups — covering Logistics,
Tax & Customs, Sustainability & Renewable Energy, Ease of
Doing Business, and Agro & Agro-Processing — are
designed to address critical challenges and unlock opportunities for investment and trade.
Over the past months, EuroCham has hosted high-level engagements with government authorities, EU embassies, and industry leaders, contributing to dialogues on Bangladesh’s LDC graduation, Foreign direct investment (FDI) facilitation, regulatory reform, and trade competitiveness. Notable milestones include EuroCham’s debut at the EBOWN Annual Conference in Brussels, strategic sessions with Bangladesh Investment Development Authority (BIDA) and the National Board of Revenue (NBR), and sector-specific dialogues on RMG, renewable energy, and agro-processing.
Looking ahead, EuroCham is preparing a robust line-up of initiatives including dialogues with the Government of Bangladesh on the business climate, sector-focused sustainability workshops, a pharmaceuticals event with a leading European multinational, and its first Annual General Meeting and Gala Dinner later this year — offering members unique opportunities to shape policy, build partnerships, and showcase leadership in Bangladesh’s evolving economy.
United in purpose and strategic in action, EuroCham Bangladesh continues to strengthen the bridge between European business excellence and Bangladesh’s growth potential.
Nujhat Anjum Silva
Operations, EuroCham Bangladesh
Article
LDC Graduation: A Moment of Pride, A Wave of Uncertainty
Bangladesh is preparing to shed a label it has worn for half a century, but what lies beyond the Least Developed Country (LDC) threshold may be less a red carpet and more a tightrope to walk. By meeting the full suite of UN-defined criteria, encompassing income levels, health, and education outcomes, and vulnerability metrics, Bangladesh is on track to exit the LDC category on November 24, 2026, marking a significant milestone in its development trajectory. It’s not just a bureaucratic upgrade; it’s a recognition by the United Nations (UN) that Bangladesh has moved beyond the structural vulnerabilities that once defined its development trajectory. Yet, as the date approaches, a growing chorus of voices from across government, industry, and civil society is asking whether the country is truly ready. From the corridors of Bangladesh Investment Development Authority (BIDA) to the factory floors of Gazipur, the debate is no longer about whether Bangladesh deserves to graduate; it’s about whether it can withstand the consequences.
The Case for Graduation: Recognition, reputation, and reform
Supporters of on-time graduation argue that Bangladesh has reached a pivotal moment in its development journey. They point out that the country has not only met the technical thresholds set by the UN but has also demonstrated sustained improvements in living standards, institutional capacity, and resilience. For these proponents, graduation is the natural next step after decades of policy reforms and private-sector dynamism.
Bangladesh’s performance against the three UN criteria is undeniable. Its per capita gross national income now stands at $2,684, more than double the $1,306 graduation threshold as per the 2024 Triennial Review by the UN. The Human Assets Index, which measures health and education outcomes, has climbed to 75.4, well above the required score of 66. And on the Economic Vulnerability Index, Bangladesh posts 21.9, comfortably below the 32 upper limit. By meeting all three benchmarks in both the 2018 and 2021 triennial reviews, Bangladesh became the first nation to achieve this record, earning the right to exit the LDC category in November 2026.
Graduation carries immense symbolic weight. It communicates to global partners that Bangladesh has successfully transitioned away from the structural barriers that historically held it back. Development agencies will recalibrate their support, investors will reassess risk ratings, and global forums will treat Bangladesh as a peer rather than a beneficiary. This shift in perception can accelerate access to high-level dialogues, multilateral financing, and strategic partnerships.
Beyond prestige, graduation opens concrete opportunities. Foreign direct investment is likely to rise as confidence in market stability grows. According to a Japan External Trade Organization (JETRO) survey, 57.7% of Japanese companies expressed interest in continuing or expanding their operations in Bangladesh. The government’s Smooth Transition Strategy (STS), with 157 targeted actions, has already delivered gains: pharmaceutical raw materials now clear customs in days instead of months, and port turnaround times have improved. As tariff preferences give way to competitive neutrality, Bangladesh can leverage its enhanced credibility to negotiate high-standard trade agreements, upgrade domestic infrastructure, and attract long-term capital in sectors such as ICT, green energy, and light manufacturing. In this view, graduation is not merely an endpoint but the launchpad for Bangladesh’s next wave of growth.
The Case for Deferment: Fragile foundation and sectoral risks
A growing number of experts and industry leaders caution that the celebration may be premature. While Bangladesh qualifies for graduation on paper, its underlying systems remain fragile. Professor Mushtaq Khan, a British-Bangladeshi economist and professor of economics at the School of Oriental and African Studies (SOAS), University of London, speaking at a strategic work session hosted by EuroCham and BIDA, warned that official data has overstated income and undercounted the population for quite some time. He cited night-light satellite imagery showing vast swaths of the country in darkness, challenging claims of near-universal electrification. The banking sector, he added, is burdened by non-performing loans that range from 25 to 90% in some institutions, masked by years of monetary expansion. High inflation and elevated interest rates continue to erode export competitiveness.
Compounding these concerns is Bangladesh’s narrow trade profile: ready-made garments represent over 80 percent of export earnings, funnelled chiefly through zero-duty regimes like the EU’s Everything But Arms (EBA) and the UK’s comparable scheme. Post-graduation, those benefits will be withdrawn, exposing RMG shipments to Most Favoured Nation tariffs of roughly 9-12%. Although the EU’s GSP+ (Generalised Scheme of Preferences) and the UK’s new GSP offer transition periods, their stricter “double-transformation” rules demand significant investment in backward linkages, synthetic fibre production, and quality certifications. Without a diversified export portfolio in pharmaceuticals, ICT, agro-processing, and light engineering, the RMG industry faces margin compression, potential factory closures, and lost orders as nimble competitors like Vietnam and Cambodia capitalize on their FTAs and broader product ranges.
Other vital sectors stand equally at risk. Bangladesh’s pharmaceutical industry currently thrives on the WTO TRIPS (World Trade Organization’s Agreement on Trade-Related Aspects of Intellectual Property Rights) waiver and duty-free access to the EU and UK, enabling local producers to supply affordable generics. Graduation will end both the patent waiver and EBA privileges, forcing companies to pay royalties, register patented drugs, and face tariffs of 5-8% on Active Pharmaceutical Ingredients (APIs) and finished medicines. While compulsory licensing and voluntary licences could mitigate some costs, creating the necessary legal frameworks and negotiating bilateral deals takes time, a luxury the industry may not have. These combined risks underscore why many stakeholders believe a deferment of two to three years would offer the critical breathing space required for genuine diversification and readiness
While the EU offers a three-year transition under GSP+, compliance with double transformation rules remains a major hurdle. Non-RMG sectors such as leather, footwear, agro-processing, and ICT are expected to face tariffs of 8-15%, threatening market access and job creation. Former BGMEA President Rubana Huq has voiced concern that Bangladesh’s narrative of moving into high-value exports has yet to convince global buyers and that without effective governance, foreign investment may remain elusive.
Stakeholder Perspectives
Bangladesh’s impending graduation from LDC status has galvanized a broad spectrum of stakeholders, each keenly aware that the decision carries both symbolic weight and material consequences. Supporters point to stabilizing reserves, macro indicators, and the Smooth Transition Strategy’s 157 reforms, backed by JETRO’s finding that 57.7% of Japanese firms plan to expand locally and BIDA’s streamlined protocols, as evidence of readiness.
Critics invoke deferment precedents in Angola, Myanmar, and Timor-Leste and call for national consultations under the UN LDC High Representative. In The Daily Star, EuroCham Bangladesh Chairperson Nuria Lopez critiqued the current push as “driven more by prestige than preparedness,” warning that entrepreneurs, who daily struggle with power outages, shifting regulations, and rising logistics costs, cannot afford a rushed timetable. Industry leaders Tapan Chowdhury, Managing Director of SQUARE Pharmaceuticals, and Abdul Muktadir, Chairman and Managing Director of Incepta Pharmaceuticals Ltd., echo this sentiment, arguing that sectors like pharmaceuticals require at least two additional years to comply with TRIPS obligations. The International Chamber of Commerce Bangladesh is also drafting a formal request for deferment, citing the potential impact on SMEs, workers, and healthcare access if graduation proceeds without adequate safeguards.
Conclusion: A transition worth getting right
Stakeholders advocating deferment propose two pathways: if graduation proceeds as scheduled, Bangladesh must deploy a strategic and realistic action plan with immediate safeguards, targeted export support, compliance relief, and accelerated reform delivery. If deferred by two to three years, the focus should shift to capacity building, sectoral diversification, and securing extended trade preferences through bilateral negotiations. Both approaches carry long-term trade-offs. Timely graduation may boost investor confidence, but risks destabilization if reforms lag; deferment offers breathing space but could invite reputational and diplomatic costs.
EuroCham Bangladesh stands ready to ensure that neither option ends in a setback. By consolidating member-sector priorities into clear policy briefs, facilitating high-level dialogues with EU trade officials, and advocating for flexible rules of origin and transitional financing, EuroCham can play a crucial role to bridge the government and the industries. Through regular impact assessments, joint working groups, and public progress dashboards, the chamber will champion transparency and accountability. In this critical juncture, EuroCham’s role is to transform graduation from a ceremonial milestone into a coordinated, evidence-based leap toward a more resilient, competitive, and equitable Bangladesh.
Sirajam Munira Binte Hafiz
Operations, EuroCham Bangladesh
In The News This Month
Customs, Tax & Compliance Chronicle Bangladesh
Solar Import Duties Stall Green Push
Bangladesh’s apparel sector has set ambitious targets to boost the renewable share of its power mix from roughly 5 percent today to 20 percent by 2030, with rooftop solar installations capable of generating up to 2,000 MW, enough to meet nearly 20 percent of the industry’s electricity demands and save about Tk 2,500 crore annually in fuel imports. Yet despite photovoltaic panels and inverters attracting a minimal 1 percent import duty, 13 other essential components face tariffs as high as 62 to 77 percent, inflating project costs by 30 to 50 percent compared with neighbouring markets like India and slowing large-scale adoption.
Although the central bank’s green fund offers low-interest financing for renewable projects, investors cite procedural hurdles and limited coverage. Industry leaders urge the government to eliminate import duties on solar-specific equipment while introducing safeguards, such as BUET-certified parts lists, to prevent misuse. The National Board of Revenue, however, maintains that current concessions balance renewable uptake with protecting nascent domestic manufacturers and warns that any further tariff changes must be considered in the next budget. As exporters brace for stricter EU carbon regulations and the Carbon Border Adjustment Mechanism, rationalizing solar import duties now could unlock significant foreign-exchange savings and strengthen Bangladesh’s competitiveness in global apparel markets. (The Business Standard)
Advance Tax on Edible Oil Imports
Effective from 11 September 2025 under SRO 15/2025, the NBR has imposed a 1% advance income tax on both crude and refined edible oil imports, including soybean and other cooking oils, to curb turnover tax evasion by collecting revenue at the point of entry. NBR officials emphasize that importers can offset this advance payment against the existing 1% turnover tax at sale, keeping the overall tax burden unchanged and, in their view, preventing retail-price hikes. (The Business Standard)
Importers remain sceptical. Dabirul Islam Didar of Bangladesh Edible Oil Limited warns that even a seemingly small upfront levy will raise landed costs and ultimately push up consumer prices. An NBR Tax Policy Department official counters that securing tax revenue at import closes loopholes exploited by underreporting of turnover, but industry critics insist that any advance charge, even if adjustable, inevitably filters through to higher shelf prices. Without clear procedures or dedicated guidance, the advance tax often feels like a permanently sunk cost rather than a refundable deposit. It is suggested to convene a working-group session, including tax experts and NBR officials, to draft a simple, step-by-step adjustment protocol so that the levy truly functions as intended, without feeding through into higher retail prices.
Rice Bran Oil Exports Face 20% Regulatory Duty to Safeguard Domestic Supply
To secure local edible oil availability, the NBR has reimposed a 20% regulatory duty on exports of both refined and unrefined rice bran oil under the Customs Act 2023. Signed by NBR Chairman Md Abdur Rahman Khan, the duty responds to industry calls to curb exports and will remain in force through the fiscal year’s end. This move follows the 1% advance tax on soybean, sunflower, palm, and corn oil imports introduced a day earlier, underscoring the board’s coordinated effort to balance domestic supply needs with revenue objectives. (The Daily Star)
Bangladesh Bank Streamlines Import Financing and Commits to Price Stability
Bangladesh Bank has raised the ceiling for advance import payments to $20,000, up from $10,000, without requiring repayment guarantees, and doubled the Exporters’ Retention Quota (ERQ) advance limit to $50,000. The move, announced in a notice on 23 September, aims to accelerate settlement of import transactions, cut costs for small and medium‐sized importers, and bolster trade efficiency amid global headwinds. Importers welcomed the change, noting it will reduce procedural burdens and expedite access to essential goods. (The Daily Star)
In a parallel effort to tame inflation, Bangladesh Bank Governor Ahsan H Mansur convened top business groups, including Meghna, City, TK, ACI, Bashundhara, Nabil, and Pran‐RFL, to outline new policy support for essential‐goods imports. The central bank pledged to relax import rules, ensure ample US dollar supply, and lift LC restrictions if needed, stressing that stable commodity flows are critical to reaching its year‐end inflation target of 5%. Spokesperson Areif Hossain Khan underscored that Bangladesh Bank is purchasing dollars to maintain reserves and will work closely with importers to prevent supply disruptions. (The Daily Star)
Sirajam Munira Binte Hafiz
Operations, EuroCham Bangladesh
EU-Bangladesh Trade Relations
Bangladesh’s partnership with the European Union stands at a crucial crossroads. With the EU as the country’s largest export destination — over €20 billion in 2024 — dialogue on trade, investment, and sustainable growth is more important than ever.
EuroCham Chairperson Nuria Lopez recently urged the interim government not to discriminate against European companies when granting trade concessions to the United States, emphasizing the chamber’s readiness to support Bangladesh during its LDC graduation. (The Business Standard)
She also highlighted urgent reforms needed to attract investment, including reliable energy supply, lower interest rates, and reduced logistics costs. (The Daily Star) The EU has echoed this, noting that political stability and credible elections are essential for investor confidence. (TBS News)
Strengthening Ties with Denmark
Bangladesh is also strengthening bilateral ties with Denmark, particularly in shipbuilding and port infrastructure, where Danish investors have shown strong interest. During a recent meeting in Dhaka, Danish Ambassador Christian Brix Moller highlighted Denmark’s commitment to investing in these sectors, including support for the container terminal project at Laldiar Char in Chattogram.The Adviser for Shipping and Labour and Employment, Brig Gen (Retd) Dr M Shakhawat Hossain, reaffirmed Bangladesh’s commitment to strengthening relations with Denmark, while noting that the government is actively working to attract greater foreign direct investment. With a favourable investment climate now in place, Bangladesh offers significant opportunities for international partners like Denmark. (Financial Express)
Preparing for EU Sustainability Standards
The European Union’s new Corporate Sustainability Due Diligence Directive (CSDDD), adopted in 2024 and effective from 2029, will require brands, buyers, and exporters to meet strict human rights and environmental standards. For Bangladesh, this brings both challenges and opportunities: exporters must upgrade practices to stay competitive, while international buyers will also be held accountable for fair pricing and responsible sourcing. Experts warn that without proper policies to protect labour rights and ensure sustainable production, Bangladesh could lose export orders. A coordinated national approach is essential to safeguard the country’s position in the EU market. (Financial Express)
These priorities align with growing international concerns that Bangladesh’s economic policies must move beyond the control of a small group of elites to create a fairer and more competitive economy. Experts have stressed that reforms in governance, energy supply, and business facilitation are essential for inclusive growth and to safeguard the country’s export competitiveness in Europe.
As Bangladesh and the EU engage more deeply on trade, sustainability, and investment, EuroCham will continue to advocate for a transparent, stable, and competitive business environment.
Najifa Arshad
Operations, EuroCham Bangladesh
EuroCham Events
Strengthening Dialogue with Government Institutions
From July to September, EuroCham Bangladesh advanced its policy advocacy agenda by convening high-level dialogues with the Bangladesh Investment Development Authority (BIDA) and the National Board of Revenue (NBR). These engagements demonstrated EuroCham’s commitment to addressing regulatory bottlenecks, advancing trade facilitation, and ensuring a stronger voice for European businesses in Bangladesh’s evolving economic landscape.
Strategic Work Session with BIDA and Mr. Lutfey Siddiqi
Key outcomes included:
- Agreement on the need for urgent clarification from NBR regarding foreign license renewals for pre-2015 maritime operators, a critical step to restore investor confidence.
- Calls for targeted reforms to address Chittagong port congestion and underutilization of Mongla port.
- Policy recommendations to accelerate off-site solar, offshore wind, and textile recycling through tax parity, incentives, and improved HS code classification.
- Strong emphasis on labor reforms and trade diplomacy to ensure a smooth transition into the Generalised Scheme of Preferences Plus (GSP+) regime post-LDC graduation.
This session laid the foundation for institutional cooperation between EuroCham and key agencies, with EuroCham positioned as a trusted partner in shaping Bangladesh’s economic transition.
Meeting with the National Board of Revenue (NBR)
Building on the BIDA dialogue, EuroCham facilitated a meeting with NBR on 2 September to directly address the regulatory and taxation challenges raised in July. Chaired by Md. Abdur Rahman Khan, Chairman of NBR, and attended by senior officials and European business leaders, the discussion focused on actionable next steps.
Challenges European companies are facing in maritime & logistics, taxation, intellectual property rights, customs and sustainability initiatives were presented to the NBR Chairman and his team.
NBR committed to clarifying the foreign license renewal issue within two weeks and forming a working group on options to address multimodal transportation from Mongla Port to address the underutilization issue, under the leadership of the First Secretary of Customs: Modernization. NBR also pledged to address taxation issues in the milk powder category and cement sector through initiating stakeholder consultation and strengthening enforcement against tax evasion by bringing all cement companies under a single Large Taxpayer Unit (LTU). On counterfeit electrical products, NBR promised stricter enforcement and data monitoring. NBR Chairman also instructed his team to work closely with the Custom houses to address the express clearance challenge and eliminate unnecessary hard-copy submissions through more stricter monitoring.
Together, these meetings signal a clear trajectory in EuroCham’s advocacy — from identifying systemic issues to securing tangible commitments from regulators. Looking ahead, EuroCham will deepen engagement through its newly activated Working Groups on Tax, Trade & Customs, Sustainability, Renewable Energy & Recycling, Ease of Doing Business, Logistics, and Agri & Agro Processing, ensuring that European companies’ priorities are addressed systematically and that reforms lead to measurable improvements on the ground.
Nujhat Anjum Silva
Operations, EuroCham Bangladesh
EuroCham Bangladesh Presentation at the Embassy of France
EuroCham Bangladesh Chairperson Nuria Lopez was warmly received by the French Ambassador at the Embassy in Dhaka on 8 September, 2025
The Chairperson delivered a comprehensive presentation on EuroCham’s operations, highlighting the chamber’s role as a unified voice for European businesses in Bangladesh in presence of representatives of French businesses in Bangladesh. The presentation covered EuroCham’s past activities, upcoming events, and future plans, giving an overview of how the chamber continues to strengthen its presence and impact.
The Chairperson also introduced EuroCham’s agenda and policy advocacy priorities, emphasizing the chamber’s efforts to improve the business environment in Bangladesh and to facilitate stronger collaboration between European and Bangladeshi stakeholders. She particularly underlined the importance of connecting with French businesses operating in the country and supporting their growth through EuroCham’s initiatives.
The Ambassador expressed appreciation for EuroCham’s proactive engagement and thanked the chamber for its dedicated advocacy on behalf of European companies. Both sides discussed opportunities for closer cooperation in the future to further enhance trade and investment ties. She actively encouraged the business delegates to work together to strengthen the EU business environment in Bangladesh.
This engagement reaffirmed EuroCham Bangladesh’s commitment to advancing the interests of its members and continuing to serve as a strong platform for dialogue, advocacy, and collaboration.
Najifa Arshad
Operations, EuroCham Bangladesh
EuroCham Bangladesh Becomes Strategic Partner of Corporate Futsal Tournament 2025
On 11th September 2025, EuroCham Bangladesh proudly signed on as the Strategic Partner of the Corporate Futsal Tournament 2025. The signing ceremony was attended by representatives of EuroCham Bangladesh, United Group, and Spellbound Communications Ltd., reflecting the strong collaboration behind this exciting initiative.
This exciting collaboration highlights EuroCham’s commitment to building stronger corporate connections while promoting teamwork, wellness, and sportsmanship in Bangladesh’s business community.
The Corporate Futsal Tournament 2025, organized by Spellbound Communications Ltd. in association with Courtside, will kick off on 20th November 2025. Following last year’s thrilling success, this year’s edition promises to be even bigger and better — bringing together top corporate teams for four days of fierce competition, fun, and networking.
As Strategic Partner, EuroCham Bangladesh looks forward to playing a vital role in making this tournament an unforgettable experience for participants and supporters alike.
Najifa Arshad
Operations, EuroCham Bangladesh
EuroCham Bangladesh Hosts European Parliament Delegation on Human Rights for an Exchange of Views with the Private Sector Representatives and ILO
On 16 September 2025, EuroCham Bangladesh welcomed a high-level delegation from the European Parliament’s Subcommittee on Human Rights (DROI) for an exchange of views with private sector representatives and the International Labour Organization (ILO). The meeting took place at Laam, Finance Square, Gulshan 2, Dhaka, from 1:15 PM to 2:45 PM.
The delegation was led by DROI chair Mr Mounir Satouri (Greens/EFA, FR) and included Ms Isabel Wiseler-Lima (EPP, Luxembourg), Mr Arkadiusz Mularczyk (ECR, PL), Mr Urmas Paet (Renew Europe, EE) and Ms Catarina Vieira (Greens/EFA, NL). Representatives of the European Union’s Delegation to Bangladesh were also present, along with the EuroCham Bangladesh Chairperson and her team.
From the Bangladesh private sector and international organizations, participants included Mr. Inamul Haq Khan, Senior Vice President, Bangladesh Garment Manufacturers and Exporters Association (BGMEA), attending on behalf of the BGMEA President; Mr. Syed Nasim Manzur, President, Leathergoods and Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB); Dr. Rubana Huq, Vice Chancellor, Asian University for Women; Mr. Max Tunon, International Labour Organization (ILO); Mr. Javier Santonja, Managing Director, Inditex; Mr. Ziaur Rahman, Regional Country Manager, H&M and Vice-Chairperson, EuroCham Bangladesh; Ms. Brunhilde Descamps, Country Manager, Auchan; and Mr. Dishan Samal, Chief Representative, Bestseller.
The exchange focused on labour rights, the business environment, and compliance in Bangladesh’s export-oriented sectors. Members of the European Parliament (MEPs) recognized that progress has been made while emphasizing the need for reforms and noted that this is a critical moment to strengthen worker rights and seize the opportunity to make lasting improvements.
Bangladesh’s private sector representatives highlighted the realistic progress and current challenges, pointing to opportunities for further alignment with global standards while maintaining competitiveness. The ILO stressed that over the past 12 years, Bangladesh has made tremendous strides in improving labour conditions and compliance, but more work lies ahead. The ILO reaffirmed its commitment to continue collaborating with both the government and private sector to support reforms and policy advocacy in this field.
The discussion reaffirmed the shared interest of European institutions, international organizations, and the Bangladesh private sector in ensuring sustainable growth and stronger labour rights in the years ahead.
Nujhat Anjum Silva
Operations, EuroCham Bangladesh
Upcoming Events
Business Climate Dialogue 2025
Bangladesh BioPharma Forum 2025
Bangladesh BioPharma Forum 2025, “Towards Self-Reliance and Global Integration,” will be jointly organized by EuroCham Bangladesh and Merck Life Science, with support from key partners and stakeholders, on 10–11 November 2025 at the Radisson Blu Dhaka.
The forum will convene leading voices from government, industry, academia, and development partners to chart pathways for strengthening Bangladesh’s biopharmaceutical ecosystem. The two-day program will feature high-level plenary discussions, technical sessions, and collaborative dialogues on research, regulation, and innovation in the biopharma sector. The event will also feature the presence of the senior representatives from the Government of Bangladesh, business leaders, and academic experts.
The countdown begins — EuroCham Bangladesh will host its signature Gala Night 2025 in the first week of December, an evening of prestige, partnerships & possibilities. Mark your calendars and stay tuned for more details!
EuroCham Member’s Highlights
Driving a Zero-Waste Future: LafargeHolcim Bangladesh Leads with Geocycle
Bangladesh is currently experiencing one of the highest rates of urbanization in South Asia, leading to a rapid increase in waste generation. According to an Asia Europe Foundation study, waste generation in Bangladesh is projected to exceed 20 million tons annually by the end of 2025, more than a fourfold increase over the past three decades.
For a country with such high waste generation rates, sustainable disposal is a major challenge for authorities and waste generators. An estimated 55% of solid waste remains uncollected in urban areas, posing a serious threat to public health and the environment. Due to a lack of stringent policies and monitoring, waste is often not formally segregated, leading to hazardous waste piling up and immense pressure on landfills.
A Sustainable Solution for Waste Management
LafargeHolcim Bangladesh PLC. (LHB) has introduced an innovative and sustainable solution to this challenge through its Geocycle project at the Chhatak Plant in Sunamganj. This state-of-the-art facility co-processes waste in its cement kilns. This waste management facility is approved by the Department of Environment.
Commercially launched in 2017, the Geocycle facility currently co-processes approximately 50,000 metric tons of waste annually, including municipal solid waste and waste from the textile, pharmaceutical, Oil & Gas and FMCG sectors. With a disposal capacity exceeding 100,000 metric tons per year, Geocycle plays a vital role in reducing environmental impact, conserving natural resources and contributing to a circular economy in Bangladesh.
Geocycle, the waste management wing of the Switzerland-based Holcim Group, is a global leader in industrial, agricultural and municipal waste management. Operating in nearly 200 locations in 40 countries, it manages over 10 million tons of waste annually worldwide using proven “co-processing” technology. Since renewing its efforts in Bangladesh in 2017, the Geocycle project has significantly expanded its capacity and facilities with substantial investment, positioning it as a strong stepping stone toward sustainable waste management in the country.
Pioneering Public-Private Partnerships for Municipal Solid Waste Management
Municipal solid waste is a growing environmental challenge in Bangladesh, where waste segregation at source remains rare. Most municipal waste is a mixed composition of biodegradable food waste, metals, glass and non-recyclable plastics that persist in the environment for decades, contributing to landfill overflow, marine litter, ecosystem degradation and climate change.
To address the growing environmental challenge of municipal solid waste, LHB partnered with the Sylhet City Corporation to launch Bangladesh’s first-ever Material Recovery Facility (MRF). This pioneering Public-Private Partnership, commissioned in February 2024, successfully processes and segregates 70–80 tons of non-recyclable plastic waste daily, diverting it from landfills.
LHB adheres to strict global standards for waste handling. Upon arrival, waste is systematically segregated and shredded using advanced German-made machinery, minimizing human involvement. The shredded waste is then transported via a fully covered conveyor belt directly into the cement kiln, ensuring safe, controlled, and environmentally responsible co-processing.
A Vision for a Zero-Waste Bangladesh
Mohammad Iqbal Chowdhury, Chief Executive Officer of LafargeHolcim Bangladesh PLC, highlights the company’s commitment: “Through our Geocycle operations, we are dedicated to playing an active role in creating a zero-waste future for Bangladesh. We adhere strictly to the Holcim Group’s global standards for co-processing, which are fully aligned with international best practices. These standards explicitly prohibit the use of any materials that may pose risks to human health or the environment.”
He added, “Since its inception, we have successfully managed a diverse range of waste streams, including off-spec consumer products, contaminated packaging, expired medicines, ETP sludge, and sorted municipal solid waste. It is the right time for policymakers to establish and enforce comprehensive policies and guidelines, particularly for municipal solid waste and waste from the textile, tannery, and paper sectors. Such measures will be critical to achieving the nation’s Sustainable Development Goals (SDGs), especially in advancing the circular economy. At LafargeHolcim Bangladesh, we are working closely with the Ministry of Environment to help make this vision a reality.”
Empowering Bangladesh’s Dairy Future: Arla’s Commitment through the Green Dairy Partnership through the Big 5 Model
Back in 2021, an Arla Foods delegate, hosted by PRAN Dairy, visited multiple dairy farms both small and large in Rangpur to understand the grassroot scenario of the local dairy industry. Arla Foods promptly recognized the pressing need to create a more sustainable and resilient dairy sector in Bangladesh. During the visit, through a series of discussions with local farmers, government agencies, and industry experts, it became evident that a collaborative approach was essential to tackle the sector’s multifaceted challenges.
Subsequently, Arla Foods Bangladesh and PRAN Dairy formalized their partnership by signing a Letter of Intent, setting out to enhance milk productivity and quality across the country. This collaborative effort included comprehensive farm assessments, training programs, and data analysis in partnership with IDRN. After successfully completing training sessions for field-level trainers with the support of Arla Foods and IDRN, a regional assessment was carried out in 2023 with Solidaridad Network Asia in southwestern Bangladesh. The findings from this assessment served as the cornerstone for a successful funding application to DANIDA Green Business Partnerships after integrating the expertise of Danish think tanks SEGES and Danish Agriculture and Food Council into the Green Dairy Partnership initiative.
The project titled “Green Dairy Partnership in Bangladesh – creating a sustainable and productive dairy value chain model in Southwest Bangladesh”, was officially launched in 2024.
The project is pioneering a green, sustainable, and commercially viable dairy business, targeting a 30% reduction in greenhouse gas emissions and a 30% increase in income for 10,000 farmer households with a scaling potential of 50,000. Additionally, this 5-year project has the ambition to ensure that 80% of the targeted farmers are women. Subsequently, the project will streamline milk collection and processing in the Southwest Bangladesh, while collaborating on a more sustainably produced dairy products in the market.
The projects targets are based on the innovation “Arla Big Five” sustainability model. This framework focuses on five critical areas: feed efficiency, feed balance, animal robustness, manure handling, and efficient land use. These pillars are designed to reduce the environmental footprint of dairy farming while enhancing productivity and profitability.
As an extension of the project, the consortium recently initiated the Bangladesh Dairy Value Chain Forum. The Dairy Value Chain Forum serves as a collaborative platform, will initiate multi-stakeholders’ collaboration for responsible business conduct and the adoption of climate smart technologies to make dairy business commercially viable and environmentally sustainable. It will address systemic challenges to increase productivity and investment to realize the sector potential for profitable dairy business at scale that shall meet national nutrition demand and contribute to sustainable development goals.
Over the next four years, the Green Dairy Partnership will expand its reach, deepen its impact, and foster a resilient ecosystem for sustainable dairy development. Backed by the Danish government, driven by committed local partners, and guided by a clear strategy, the initiative is set to become a benchmark for agri-business transformation in South Asia.
As Bangladesh confronts the dual challenges of climate change and food security, the Green Dairy Partnership stands out as a practical model for inclusive, climate-smart, and commercially viable solutions that can accelerate national progress. And Arla Foods is deeply committed to make it a success.
Kuehne + Nagel Bangladesh Leads Sustainable Drive with Biophilia: A Local-Global Climate Collaboration
The Kuehne + Nagel Bangladesh team recently joined an impactful environmental initiative in Dhaka, led by Biophilia under the CALL (Climate Action at Local Level) program. This initiative was supported by the Swiss Embassy in Bangladesh, alongside international Swiss organizations including the Red Cross, Solidar Suisse, and IPSA Bangladesh.
Kuehne + Nagel Bangladesh showcased its commitment to both global and local climate action, emphasizing environmental sustainability and ESG (Environmental, Social, and Governance) practices.
The event centered on advancing climate resilience in Bangladesh and featured distinguished guests, including Syeda Rizwana Hasan, Advisor to the Ministry of Environment, Forest and Climate Change, who attended as Chief Guest. It highlighted collaborative efforts between NGOs and Swiss organizations to address climate challenges through community-driven solutions.
Why This Matters
- Local Empowerment: Operating under the CALL program, the initiative promotes grassroots engagement and community-led climate solutions.
- Global Collaboration: The involvement of Swiss organizations and diplomatic support underscores international solidarity in tackling climate issues.
- Corporate Responsibility: Kuehne + Nagel Bangladesh’s active participation reflects the private sector’s role in driving ESG goals and sustainable development.
- Public Advocacy: With key figures like Syeda Rizwana Hasan present, the event bridged activism and policy, fostering awareness and encouraging collective action.
Decathlon Bangladesh and FloSolar Partner to Deliver 100 MWp of Renewable Energy
FloSolar Solutions Ltd. (“FloSolar”) signed a Memorandum of Understanding (“MOU”) with Decathlon Bangladesh, to accelerate renewable energy adoption across Decathlon’s supplier network in Bangladesh. The initiative was made possible through the facilitation of the European Chamber of Commerce in Bangladesh (EuroCham), which connected FloSolar and Decathlon to drive forward this milestone partnership.
Under the MOU, FloSolar will collaborate with Renewable Energy Operators and Investors (REOI) in Asia to design and implement Corporate Power Purchase Agreements (CPPAs) for Decathlon’s key suppliers. The first phase will introduce 50 MWp of ground-mounted solar capacity, with the ambition of scaling to 100 MWp by 2030 under Bangladesh’s upcoming Merchant Power Plant (MPP) policy.
This partnership supports Decathlon’s global sustainability commitments, including the Science Based Targets initiative (SBTi) and its RE100 pledge to transition fully to renewable electricity. By working hand in hand with suppliers, Decathlon Bangladesh will take a significant step toward achieving its RE100 objectives, while FloSolar provides innovative and flexible clean energy adoption models.
Mustafa Azim Kasem Khan. Founder & Managing Director of FloSolar, said:
“This collaboration demonstrates the power of partnerships between global brands, local suppliers, and renewable energy developers. With EuroCham’s support, we are entering the RMG sector with our CPPA solutions, empowering manufacturers with affordable renewable power and environmental attributes.”
Sayef Ahmed Chowdhury. Country leader of Decathlon Bangladesh, added:
Decathlon is committed to making the benefits of sport accessible in a sustainable way. Through this partnership, and with EuroCham’s facilitation, our suppliers in Bangladesh will be able to reduce their
carbon footprint while strengthening energy resilience.
The MOU spans a 3-year cooperation period, during which projects will be rolled out in line with Decathlon’s Code of Conduct, ESG principles, and ethical standards.
DHL and The Daily Star host 23rd Bangladesh Business Awards, honoring excellence in business leadership
- The event recognized exceptional achievements in Bangladesh’s business community.
- The ceremony underscored how private enterprise is shaping Bangladesh’s global competitiveness.
Dhaka, Bangladesh, September 23, 2025 – DHL Express, the world’s leading international express service provider, and The Daily Star, Bangladesh’s premier daily newspaper, have jointly hosted the 23rd Bangladesh Business Awards at the Radisson Blu Dhaka Water Garden. The annual event continues its legacy of honoring excellence in business leadership across the country, and reaffirms the importance of innovation and resilience to build a stronger economy.
Present at the event were: Dr. Salehuddin Ahmed, Honourable Finance Adviser, Government of the People’s Republic of Bangladesh, who graced the occasion as Chief Guest, while Sk. Bashir Uddin, Honourable Commerce Adviser, Government of the People’s Republic of Bangladesh, was invited as Special Guest.
This year, the ceremony honored extraordinary achievements in the business community for the calendar year 2024 across four award categories, along with a special “Lifetime Achievement” recognition:
- Financial Institution of the Year 2024: City Bank
- Enterprise of the Year 2024: Walton Group
- Business Person of the Year 2024: Ahsan Khan Chowdhury
- Outstanding Woman in Business 2024: Sadia Haque
- Lifetime Achievement Award: Anis Ud Daula
This year’s winners have shown leadership, innovation, and dedication that continue to fuel Bangladesh’s growth and strengthen its position as an attractive destination for investment and sustainable development. Recent reports show a steady rise in foreign direct investment and remittance inflows, reinforcing Bangladesh’s resilience and signaling renewed global confidence in its economic potential. These indicators reflect the growing strength of Bangladesh’s private sector, which continues to be the driving force behind the country’s economic transformation and global competitiveness.
Md. Miarul Haque, Managing Director of DHL Express Bangladesh said, “Bangladesh is on a transformation journey, and its private sector continues to be the engine of growth. At DHL, we are proud to celebrate the leadership that drives this progress.
Tonight’s awardees are not only shaping industries but also contributing to the nation’s economic advancement and global competitiveness.”
Mahfuz Anam, Editor of The Daily Star, remarked: “For more than two decades, the Bangladesh Business Awards have stood as a platform to inspire and recognize the achievements of our business leaders. Each year, we showcase individuals and organizations who embody resilience vision, excellence, and ethical business. Their success stories encourage us to aim higher and highlight Bangladesh’s potential to thrive in the global marketplace.”
The Bangladesh Business Awards, established in 2000, has become a cornerstone of recognition for the business community, bringing together the nation’s most influential leaders and dignitaries. By recognizing and celebrating visionary leadership, the awards foster competitiveness, innovation, and excellence in Bangladesh’s dynamic business environment.
Nupami Bangladesh, 10th Anniversary A Decade of Memories
Founded in 2013, Nupami Bangladesh has spent the last decade reshaping the country’s premium building materials sector with the purpose of delivering Spanish-made products to the Asian market. As the exclusive distributor of Spain’s Porcelanosa Grupo, Nupami has brought world-class products that have set new benchmarks for quality, design, and innovation in Bangladesh.
Over the years, Nupami has built a reputation for delivering comprehensive solutions, ranging from tiles, natural stones, façades, and solid surfaces to sanitaryware, wardrobes, and kitchen systems. Trusted by leading architects and developers, these offerings have elevated contemporary design standards and reshaped customer expectations in the market.
A defining strength of Nupami is its large technical team of over 80 professionals, which positions the company as one of the most capable players in the industry. This includes 9 full-time architects providing design consultations for interiors, kitchens, and Krion; 20 full-time engineers managing complex project sites; and more than 50 specialized technicians handling installations of tiles, marble, kitchens, and Krion. With this depth of expertise, Nupami is possibly the only building materials company in Bangladesh offering true turnkey solutions, delivering end-to-end services from design to execution.
The company’s journey has also been marked by strategic partnerships that expand its impact. In 2023, Nupami introduced CuellarStone, a Spanish leader in precision natural stone, bringing advanced craftsmanship and technology to Bangladesh. More recently, the addition of Arco, a renowned Spanish manufacturer of valves and control systems, has further strengthened its commitment to sustainable, high-performance solutions.
Beyond products, Nupami has played a pivotal role in showcasing Bangladeshi talent on the global stage. Local architects have participated in, and won the prestigious Porcelanosa International Project Awards (PIPA), while in 2024, Bangladesh earned recognition at the Macael Awards for excellence in residential design in Asia.
Reflecting on this decade, Nupami credits its success to the synergy with Porcelanosa Grupo, whose European standards, innovation, and expertise have been instrumental in shaping its path. Just as importantly, the dedication of its team, past and present, has been the driving force behind every milestone achieved.
Looking ahead, Nupami remains committed to innovation, sustainability, and customer experience, with a vision to strengthen its leadership and continue inspiring progress in Bangladesh’s construction and design landscape.
As Nupami Bangladesh celebrates its 10th anniversary, it stands as a testament to the power of strong partnerships, unwavering quality, and a shared belief in the potential of Bangladesh.
Auchan Foundation: Driving Positive Change in Bangladesh
From “Weave Our Future” to Auchan Foundation
Established in 2014 by the Mulliez family in France as “Weave Our Future” (WOF), the Foundation was created to improve the working and living conditions of workers and their families in the textiles and hard goods industries in less economically advanced countries.
In 2015, the Foundation launched its first project in Bangladesh in collaboration with Gonoshasthaya Kendra (GK) and Bangladesh Diabetic Association (BADAS). The four-year initiative provided health insurance coverage to 25,000 garment workers—a program that continues today, now run independently by the workers themselves.
In 2022, WOF evolved into the Auchan Foundation, embracing a new identity and the slogan:
“Good Food that brings people together.”
With this vision, the Foundation focuses on:
- Promoting food knowledge and know-how
- Bringing people together through food
- Fighting malnutrition
Today, the Auchan Foundation supports projects across 11 countries, including Bangladesh, Spain, France, Hungary, India, Luxembourg, Poland, and Portugal.
Current Projects in Bangladesh
- Strengthening Workers’ Access to Pertinent Nutrition Opportunities (SWAPNO):In partnership with GAIN (NGO partner), five Fair Price Shops have been set up inside garment factory premises. These shops provide workers and their families with daily grocery essentials—fish, meat, vegetables—at discounted prices and on credit, adjustable with monthly salaries. Target impact: 30,000 beneficiaries.
- Enhancing Diet Quality in Community-Led Meal Programs:Led by Ashar Alo Society (NGO partner), this initiative works with Bidyanondo Foundation to develop a standardized, nutritious food menu for low-income and homeless communities in Dhaka. The program currently provides hot meals to around 600 vulnerable people every day.
Through these projects, Auchan Foundation continues to promote nutrition, community well-being, and sustainable impact in Bangladesh and beyond.
Building a Sustainable Future: CCI Bangladesh’s Community Engagement Initiative at Jhalopaza High School, Bhaluka
At the heart of CCI Bangladesh’s values lies a strong belief that businesses thrive best when communities flourish alongside them. Guided by this principle, the organization consistently invests in Corporate Social Responsibility (CSR) initiatives that address urgent social challenges and promote environmental sustainability.
On 11th August 2025, CCI Bangladesh implemented a comprehensive sustainability and community engagement program at Jhalopaza High School, Bhaluka.
The initiative brought together students, teachers, community people and CCI volunteers in a series of interactive, hands-on activities designed not only to address immediate challenges but also to create lasting behavioral change.
This program builds upon CCI’s earlier contributions to the school, which included a water filtration plant and separate washroom facilities for male and female students. By combining infrastructure support with awareness, education, and environmental action, CCI Bangladesh is ensuring that its CSR efforts leave a long-term impact on both people and the planet.
Waste Segregation Awareness & Training: Building the Foundation for Sustainable Practices
One of the most impactful components of the program was the waste segregation awareness and training session. Improper waste management is a significant environmental challenge in Bangladesh, and schools play a pivotal role in shaping the habits of future generations.
In this activity, CCI volunteers introduced students to the concept of segregating waste at the source. Using demonstrations and group exercises, students learned how to identify various types of waste organic, recyclable, and non-recyclable and understand the importance of segregation for effective waste management.
To ensure that the practice becomes part of daily school life, color-coded waste bins with clear labels were installed across the campus. Students were tasked with practicing segregation during the clean-up drive and will continue to use the system going forward.
The training also highlighted how waste segregation links to bigger issues such as resource recovery, recycling, and reducing landfill pressure. By instilling these practices in young learners, CCI Bangladesh is nurturing a new generation of environmentally conscious citizens.
Campus Clean-Up Program: Nurturing Shared Responsibility
The Campus Clean-Up Program was the second activity of the initiative and served as a powerful reminder of the importance of cleanliness in building a healthier learning environment. Students, teachers, and CCI volunteers rolled up their sleeves and worked side by side to clean classrooms, playgrounds, and the wider school premises.
The program went beyond one day of action. It was framed as a learning experience, where students discovered how cleanliness directly impacts health, attendance, and even academic performance. For example, clean classrooms reduce the spread of common illnesses, while a litter-free environment enhances focus and morale.
To deepen the impact, volunteers facilitated discussions with students about the broader implications of waste and pollution and how plastic litter can clog drains, contribute to flooding, or harm local ecosystems. By connecting local actions to global environmental challenges, the program reinforced the idea that small, collective steps lead to big change.
Through this initiative, CCI Bangladesh is fostering a culture of ownership and accountability within the school, where every student feels responsible for maintaining their surroundings.
Tree Plantation & Green Boundary Development: Greening the Future
Environmental sustainability took root literally through the tree plantation drive. CCI Bangladesh, together with students and teachers, planted native saplings along one side of the school’s boundary.
This activity was more than symbolic. The trees will:
- Improve local air quality by absorbing carbon dioxide and releasing oxygen.
- Provide shade and cooling, making the school environment more comfortable during hot seasons.
- Enhance the aesthetic appeal of the school, creating a more inspiring learning atmosphere.
- Offer practical lessons in environmental care, as students take turns watering and maintaining the saplings.
To broaden the impact, volunteers explained the ecosystem services trees provide, from biodiversity support to soil protection. Students were encouraged to see tree planting not as a one-day activity but as a long-term responsibility and investment in their community’s future.
This activity reinforced the theme of environmental stewardship and provided an opportunity for students to connect directly with nature with an experience that fosters lifelong care for the environment.
WASH Awareness Session for Female Students: Empowerment Through Knowledge
Water, Sanitation, and Hygiene (WASH) are fundamental to health, yet these topics are often surrounded by stigma, especially for adolescent girls. Recognizing this, CCI Bangladesh organized a dedicated WASH awareness session, facilitated by a female doctor, to create a safe and supportive space for female students.
The session covered crucial topics such as:
- The importance of menstrual hygiene management and safe practices.
- Proper use of the school’s female-friendly washroom facilities.
- Awareness about urinary tract infections and ways to prevent them.
- The link between personal hygiene and confidence in education and daily life.
By addressing sensitive issues openly and professionally, the session aimed to break taboos and normalize conversations about menstrual health. Female students were encouraged to ask questions, share experiences, and build knowledge that they can carry forward into their families and communities.
Beyond hygiene, this session reinforced the idea that empowering girls with accurate information leads to higher school attendance, better health outcomes, and greater gender equity.
In this way, the initiative directly contributes to the UN Sustainable Development Goals (SDGs), particularly those related to gender equality (SDG 5) and good health and well-being (SDG 3).
Impact and Broader Significance
The initiative at Jhalopaza High School is expected to directly benefit more than 700 students and school staff, while also indirectly influencing their families and the wider community. By weaving together awareness, infrastructure, and participation, the program ensures that the impact extends far beyond a single day’s event.
More importantly, the initiative illustrates CCI Bangladesh’s strategic CSR approach:
- Reducing environmental impact through waste segregation and clean-up campaigns.
- Promoting sustainability through green initiatives like tree planting.
- Improving community health and hygiene through WASH programs.
- Empowering youth by involving them as active partners in change.
Together, these activities embody CCI Bangladesh’s role as a responsible corporate citizen, committed to advancing both social development and environmental sustainability in Bangladesh.
A Model for Sustainable CSR
The Jhalopaza High School program highlights how CSR initiatives can move beyond short-term aid to create systemic, lasting change. By engaging students directly, providing knowledge, and building sustainable infrastructure, CCI Bangladesh is shaping not only healthier schools, but also more resilient communities.
This initiative is a testament to what can be achieved when corporate values, employee volunteerism, and community needs are aligned. It serves as both a model for CSR in Bangladesh and a step toward a more sustainable, inclusive future.
SOLshare: Driving Green Innovation from Bangladesh to the World
SOLshare, founded in Germany and operating in Bangladesh, is a pioneering green utility company building smart solar and storage networks that enhance grid resilience with renewable energy. With a growing impact across six countries—from Bangladesh through Europe to Africa—SOLshare empowers local communities while driving both economic and social transformation.
Awards or recognitions
Winner of the Keeling Curve Prize for Energy
SOLshare has been honored with the Keeling Curve Prize in the Energy category, recognizing our innovative contributions to climate solutions. This award reinforces our mission to advance sustainable energy and e-mobility in Bangladesh.
Through SOLmobility, SOLshare is transforming the electric three-wheeler sector by replacing lead-acid batteries with smart lithium-ion solutions, enhancing lifespan and efficiency while reducing disposal-related emissions.
By enabling vehicle-to-grid charging and creating a Rickshaw Virtual Power Plant, SOLshare helps integrate renewable energy and buffer up to 25% of the national peak load.
We are grateful to the Global Warming Mitigation Project for this recognition and remain committed to scalable, high-impact solutions that benefit both communities and the planet.
New Projects, Partnerships, or Launches
SOLroof Reaches 20 MWp Milestone
As of September 2025, SOLshare’s SOLroof initiative has surpassed 20 MWp of rooftop solar installations, including projects where the offtaker invests nothing upfront and only pays for the electricity generated at a discounted rate.
This milestone highlights our commitment to accelerating rooftop solar adoption, expanding clean energy access, and helping businesses reduce their carbon footprint. Notable customers include Unilever, the German & French Embassies, International School Dhaka, Aga Khan School, Dekko Isho, Palmal, Lantabur, Debonair, and many more.
Rahman’s Chambers: Recent Highlights and Achievements
Rahman’s Chambers stands as a pillar of legal excellence in Bangladesh, blending a century-long family heritage in law with the dynamism of a modern, full-service Chambers established in 2006. Consistently recognized for market-leading expertise by prestigious directories like Chambers and Partners, the Chambers offers a unique value proposition for domestic and international clients. With five offices nationwide and nine specialized departments, it provides comprehensive legal services, combining deep local insight with global service standards. The Chambers has recently achieved significant milestones in complex dispute resolution, renewable energy projects, and international collaborations.
Key Recognitions and Awards
The Chambers maintains its top-tier status in international legal rankings. Chambers and Partners has once again ranked its Shipping department in the exclusive Spotlight table and its Corporate & Finance and Dispute Resolution practices as leading in the market. Its lawyer has been ranked for Project & Energy departments. This consistent recognition underscores the chambers’ sustained excellence and leadership in these core areas.
Further highlighting the firm’s leadership, the Head of Chambers, Barrister Mohammed Forrukh Rahman, was recently accepted as the very first Supporting Member of the prestigious London Maritime Arbitrators Association (LMAA) from Bangladesh. This achievement makes Rahman’s Chambers the first law firm from Bangladesh to be enlisted and represented within the esteemed international body.
Barrister Rahman’s expertise is also sought after in high-level legal discourse; he was featured as an Esteemed Speaker at a webinar hosted by the SAARC Arbitration Council (SARCO), in collaboration with the Bangladesh International Arbitration Centre (BIAC) on “ADR and Bangladesh: Addressing Challenges and Exploring Opportunities in Trade and Commerce”.
Recent Work Highlights
Dispute Resolution – Employment
Successfully represented our client, a Director of Sales & Marketing, in a wrongful termination claim against his former employer, M/S Mbrella Limited. A case was filed under the Bangladesh Labour Act, 2006, before the 3rd Labour Court of Dhaka. Our successful litigation involved challenging the company’s claim that our client had been considered resigned, arguing that the action constituted an illegal dismissal from service effective 29 December 2019. In a judgment dated 14 September 2025, the learned court declared the dismissal order illegal and directed that our client be reinstated to his position with his full outstanding salary. The learned court further ordered the opposing party to comply with this judgment within 30 (thirty) days.
Local & International Arbitration
The Chambers has shown a strong track record in deploying effective litigation strategies to protect client interests. Key highlights include:
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Securing Injunctive Orders in Foreign-Seated Arbitrations: In two separate matters, the Chambers successfully obtained crucial interim orders from the High Court under Section 7A of the Arbitration Act, 2001
- For a globally reputed textile company, an order was secured to stay the payment of three Letters of Credit (LCs). This action protected the client's assets against third-party claims and ultimately triggered a favourable out-of-court settlement.
- For a leading apparel manufacturer involved in an M&A corporate dispute amongst shareholders, the firm secured an order of "status quo" against the company's customs bond license, which was instrumental in allowing the company to continue its operations.
- For a globally reputed textile company, an order was secured to stay the payment of three Letters of Credit (LCs). This action protected the client's assets against third-party claims and ultimately triggered a favourable out-of-court settlement.
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International Shipping Arbitration (LMAA): The Chambers is actively handling several complex international charterparty arbitrations.
- Successfully assisted a UAE-based charterer as lead counsel in the out-of-court settlement of an international arbitration concerning a charterparty dispute with a claim. The dispute involved concerns regarding an additional claim of USD 109,344.80 and High Risk Area (HRA) bonuses paid to the crew. Key issues addressed included invoicing timelines, substantiation of claims, and the calculation of crew bonuses for trading in high-risk areas.
- Successfully assisted as lead counsel for a UAE-based entity in an international arbitration against a Norwegian shipowner. This complex dispute involves both a challenge to jurisdiction and a dispute concerning the novation of the charterparty agreement. Final award declaring no-novation significantly minimize the cost and allowed our client to pursue the claim before local court.
Commercial (Aviation)
The Chambers has demonstrated specialized expertise in complex, capital-intensive sectors:-
Aviation Finance: Represented one of the world’s leading aircraft lessors, securing their creditor rights under the Cape Town Convention for a fleet of commercial aircraft in Bangladesh. This involved working closely with the Civil Aviation Authority of Bangladesh (CAAB) to file and record key legal instruments, specifically the Irrevocable De-registration and Export Request Authorization (IDERA) and the Deregistration Power of Attorney (DPOA), to ensure the client’s protections are fully enforceable.
Pro Bono and Knowledge-Sharing Initiatives
Demonstrating a unique approach to corporate social responsibility, Rahman’s Chambers focuses on strengthening the legal framework through knowledge-sharing. The Chambers regularly conducts seminars and workshops on critical legal topics for the business community, with a recent seminar held on the Customs Act 2023 and another on the Industrial Design Act 2023. This pro bono effort aims to promote compliance and empower businesses by demystifying complex regulations.
Spellbound Communications Limited Making it to the Frontier of the Global Communication Industry
Partners with Euronews to tell the Bangladesh story to the world
Spellbound Communications Limited, a Dhaka-based marketing communications and digital services company, has set yet another benchmark in the global arena recently by sealing a partnership with the Euronews and by representing Bangladesh and the fast-growing ICT sector of the country in Europe. Recognized for its expertise in brand strategy, public diplomacy, and digital outreach, the firm has earned trust through a commitment to excellence and innovation and has been taking the task ahead in the global periphery. With a commitment coined as ‘Engaging Evolution’, Spellbound has been working in the global marketing and communications sector with dignity and they take pride in engaging in initiatives that upholds the advancement of society and the country, Bangladesh.
Strengthening partnerships, creating global headlines
In 2025, Spellbound partnered with Euronews, Europe’s premier pan-continental news platform, with the aim to promote Bangladesh and different sectors of the country such as technology, culture, business and more to the European and international audience. Through this collaboration, Spellbound has become the representative of Euronews in Bangladesh and they will act as a spokesman for the national entities to go global and promote themselves through the media network.
The new-built partnership has seen major spotlight in the very recent international technology event VIVATECH 2025, Europe’s largest technology and startup event held at Paris in June. Bangladesh ICT sector and its emerging opportunities were showcased in this show and the footprint of Bangladesh in this show and in the global IT sector was promoted to the European arena through campaigns in Euronews. The campaign was an immediate success and was able to bring spotlight on Bangladesh’s endeavours, innovations and technological and business potentials.
The campaign included the Euronews feature “Bangladesh’s tech sector is growing up fast — and Europe should take note”, as well as an exclusive interview with Faiz Ahmad Taiyeb, Special Assistant to the Chief Adviser on Posts, Telecommunications, and Information Technology. This coverage amplified Bangladesh’s vision for digital transformation while connecting European investors, policymakers, and innovators with Bangladesh’s ICT story.
As a matter of fact, Spellbound Communications Limited has partnered with VIVATECH since 2024, to help represent Bangladesh IT and ICT sector and facilitated the Bangladesh Pavilion in the VIVATECH 2025 for the consecutive 2nd time. Under the banner “Bangladesh 2.0: Innovating Locally, Scaling Globally,” fourteen IT and ITES firms, four startups, and members of the diaspora showcased innovations across edtech, aggrotech, health tech, fintech, and govtech.
Global Footprints: Spellbound as Bangladesh’s communication bridge
Along with Europe, Spellbound has established itself as a trusted partner for international outreach, representing Bangladesh’s narratives across world-renowned media platforms including BBC, Bloomberg, and CNN. In very recent months, Spellbound extended its expertise to global expositions by organizing and promoting Bangladesh in international events such as:- A Series of Tourism Expo in Japan, England, Italy and Singapore, where Bangladesh’s cultural and tourism potential was showcased to continental and international audiences.
- Expo 2025 Osaka, where Spellbound helped create and manage the Bangladesh Pavilion themed “Connecting Lives: A Symphony of Tradition and Innovation,” positioning the country as a hub of heritage and future-forward progress.
This track record reflects Spellbound’s unique role as both a national partner and a global communicator—bridging Bangladesh with international investors, tourists, and thought leaders.
Spellbound at the Crossroads of Bangladesh’s Global Rise
By connecting Bangladesh’s innovation, policies, and people with the world, Spellbound is not only elevating a nation’s image but also shaping its future partnerships. In the words of Faiz Ahmad Taiyeb: “Bangladesh is ready to scale globally, leveraging its youthful innovation and robust policies.”
With Spellbound at the help of communications, the world is indeed taking note.
Trade and Business Statistics
Bangladesh Bank Data
