AkijBashir Group, one of the nation’s leading diversified conglomerates, has announced a Tk 300 crore investment towards the Bangladesh cable industry. Marking a significant step toward industrial diversification and domestic value addition. The new venture reflects increasing private sector confidence in Bangladesh’s manufacturing potential and its expanding infrastructure and construction markets.

The investment will support the establishment of a modern manufacturing facility. Dedicated to producing a wide range of electrical cables to serve residential, commercial, and industrial demand. By strengthening local production capacity, the initiative will reduce reliance on imports. At the same time improving supply chain efficiency, quality standards and cost competitiveness in the domestic markets.

The Bangladesh cable industry has seen sustained growth in recent years. Driven by rapid urbanisation, large‑scale infrastructure development, expansion of power transmission networks and rising construction activities. The demand for reliable, high‑quality electrical products has increased alongside investments in housing, industrial zones, and public utilities. Hence, AkijBashir Group’s entry into this sector aligns closely with these structural trends. Also supporting the country’s broader push towards self‑sufficiency in essential industrial inputs.

Beyond production capacity, the new investment is expected to contribute to job creation, skills development, and technology adoption within the manufacturing ecosystem. The facility will incorporate modern production processes and quality control systems. Enabling the industry standards to rise and build a skilled sustainable workforce, supporting advanced manufacturing activities.

By leveraging its experience across multiple sectors, AkijBashir Group aims to develop a competitive presence in the cable market. While also supporting national development priorities.

This development highlights Bangladesh’s attractiveness as an investment destination for diversified manufacturing. While also supporting the growing domestic market, improving infrastructure, and an increasingly diversified industrial base. As private sector investments continue to expand, initiatives such as this are expected to play a key role in strengthening economic resilience, supporting infrastructure development and sustaining long‑term growth.

Source: The Business Standard