HSBC to honour top exporters tomorrow

HSBC to honour top exporters tomorrow
HSBC Bangladesh will recognise a number of exporters tomorrow for their outstanding contribution towards sustainable growth of the economy.

The eighth edition of the HSBC Export Excellence Awards will take place at a hotel in Dhaka.

Commerce Minister Tofail Ahmed and Bangladesh Bank Governor Fazle Kabir are expected to grace the occasion as the chief guest and the special guest.

The award will be presented in five categories, each under specified annual export turnovers.

Exporter of the year in garments category with annual export turnover over and up to $100 million; exporter of the year in apparel supply chain and backward linkage with annual export turnover over $10 million; exporter of the year in traditional and emerging sectors (non-RMG /textiles) with annual export turnover over $5 million; exporter of the year in SMEs (non-RMG /textiles) with annual export turnover below $5 million; and Excellence in Import Substitution award for reducing or substituting imports to a value of $10 million or more.

The Excellence in Import Substitution category has been introduced this year as to recognise the success of the country's manufacturers who are saving valuable foreign currency by producing import-substitute products, according to HSBC Bangladesh.

Since the launch of the awards in 2010, HSBC has far honoured 35 exporters.

Formers winners include DBL Group, Ha-Meem Denim, SM Group of Companies, Epic Garments Manufacturing Co, Square Pharmaceuticals, Epyllion Group, Pacific Jeans Group, Picard Bangladesh, Zaber & Zubair Fabrics, Urmi Group, Qualitex Group, Pran Group, Janata Jute Mills, Bay Footwear, Uniglory Cycle Industries, Square Textile, Interfab Shirt Manufacturing, Apex Adelchi Footwear, Graphic People, Tradexcel Graphics, AgroKagri Commodities, Brain Station-23, Square Fashions, Tarasima Apparels, Envoy Textiles, Seamark (BD) and Classical Handmade Products Bangladesh.

Ziaur Rahman, managing director of Bay Footwear, called the HSBC awards the most prestigious given its reputation and size.

"The award has boosted customers confidence and trust in us. This has given us a mileage that has helped us become Bangladesh's top footwear exporter," he told The Daily Star yesterday.

Muhammad Mushtaque Ahmed Tanvir, chief executive officer of Uniglory Cycle, said, "The award was a big inspiration for us and has encouraged us to do even better.”

HSBC Bangladesh helps ship products to over 100 countries each year. More than 10 percent of Bangladesh's global trade is channelled through the bank.

The Daily Star, the Prothom Alo, Nielsen and KPMG are the programme partners of the awards.
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