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Smart Group of Industries: Building Bangladesh’s diversified powerhouse

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·GN Focus Report·24 days ago
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Smart Group of Industries began as a single garment factory in a rented building in Chittagong in 2000. Today, it operates eleven business divisions and employs 25,000 people across textiles, logistics, energy, real estate, chemicals, media and more. The group’s development into an industrial conglomerate has been shaped by consistent reinvestment, vertical integration and long-term strategy. “My vision evolved from running a successful apparel operation to building a diversified industrial group,” says Founder and Chairman Mostafizur Rahman.  A key milestone came with the launch of Chittagong Denim Mills in 2005, enabling integration into high-value textile production. From there, Rahman facilitated expansion by reinvesting profits into the group, adopting sustainable technologies early and targeting sectors linked to long-term demand. “Today, my focus is on strategy, new ventures and developing an integrated private economic zone with our own logistics and river access,” he says.…

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