PRAN Group to manufacture P&G products in BD

Procter & Gamble (P&G), world's largest FMCG company, and PRAN Group, Bangladesh's leading business conglomerate, recently inaugurated PRAN Group's new manufacturing facility in Bangladesh, which will undertake manufacturing of P&G branded products in Bangladesh.

This new facility was virtually inaugurated by Salman F Rahman, Private Industry and Investment Advisor to Prime Minister, says a statement.

This contract manufacturing site will be operated by Advanced Personal Care Limited (APCL), a sister concern of PRAN Group. The site is located at Habiganj Industrial Park at Olipur under Sayestaganj Upazila in Habiganj and will manufacture razors for P&G.

Addressing the programme Salman F Rahman said that one of the cornerstones of Bangladesh Government's economic policy was to really develop the private sector.

He further added, "I am very happy about P&G's investment in Bangladesh, and it sends a very strong signal not only to other US companies but all over the world. That's because P&G's size, reputation and position as a successful global company."

Virtually addressing event Earl R Millar, U.S ambassador to Bangladesh, said, "Today marks a new day in the history of United States and Bangladesh's economic cooperation as P&G joins other US firms and grasping massive potentials Bangladesh has as a major manufacturing base."

Md. Sirazul Islam, Executive Chairman at Bangladesh Investment Development Authority (BIDA), said, "I hope this initiative will translate to the creation of value and employment for Bangladeshi men and women, especially our young people who can grow as professionals by working in knowledge-based environment."

Madhusudan Gopalan, CEO, P&G South Asia, said, "Our portfolio of superior products has been touching and improving lives of consumers in Bangladesh since 1994. This arrangement with PRAN to set up local contract manufacturing will enable us to serve our consumers further. It also builds on our commitment to invest in Bangladesh which will contribute towards advancing the country's social and economic development by creating employment and partnering opportunities."

Ahsan Khan Chowdhury, Chairman and CEO at PRAN-RFL Group, said, "We are proud to be P&G's partner in manufacturing superior products for Bangladeshi consumers."

The manufacturing facility will commence operations starting in this February.