PRAN-RFL Group

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PRAN-RFL
প্রাণ-আরএফএল
An image containing two logos - that of PRAN and RFL on the top and bottom, and in between them, the words PRAN-RFL GROUP are written in Arial in capital letters. Under this, the words Since 1981 are written in a slightly smaller size in italics.
Logo of the PRAN-RFL Group,
TypeBusiness enterprise
Inception1981
Websitepranfoods.net
www.rflbd.com

PRAN-RFL Group (Bengali: প্রাণ-আরএফএল গ্রুপ) is one of the largest conglomerates in Bangladesh.[1] It is the largest agribusiness in Bangladesh.[2] PRAN (Bengali:প্রাণ) means life in Bengali.[3]

History[edit]

PRAN (Programme for Rural Advancement Nationally)[4] was established in 1981 by retired Major General Amjad Khan Chowdhury and has become one of the largest food and beverage brands in Bangladesh.[5][6] PRAN pioneered agribusiness in Bangladesh by providing farmers with guaranteed prices.[7] PRAN Foods, a subsidiary of the PRAN-RFL Group,[8] produces a number of agricultural products under the PRAN banner. PRAN established a subsidiary company in UAE in 2003.[9] In 2008, the company announced plans to open a production facility in Tripura, India, after the Indian government lifted the ban on direct investment from Bangladesh in 2007.[1] The PRAN group's exports had reached 10 billion taka by 2016, with the biggest markets for the company in India, Saudi Arabia, the UAE, Malaysia, and Oman.[10] The same year the revenue for PRAN exceeded US$500 million.[11] PRAN started exporting potatoes in March 2016.[12] In April 2016, PRAN started to export cassava and the first shipment, worth US$3 million, was sent to New Zealand.[13] PRAN has 80 thousand direct employees and 200 thousand indirect employees.[14] PRAN exports to over 118 different countries.[15]

References[edit]

  1. ^ a b "Pran to build first foreign plant in India". The Daily Star. 24 January 2008. Retrieved 31 March 2017.
  2. ^ "Pran makes it big in dairy business". The Daily Star. 18 December 2011. Retrieved 31 March 2017.
  3. ^ ব্যবহারিক বাংলা অভিধান. Dhaka: Bangla Academy.
  4. ^ IANS (4 June 2015). "First Bangladeshi food processing unit in India". Business Standard India. Retrieved 31 March 2017.
  5. ^ "Amjad Khan's death anniv observed". Prothom Alo. Archived from the original on 5 February 2017. Retrieved 31 March 2017.
  6. ^ Bilkis, Shahana (12 March 2014). "Bangladeshi agro-processed food has good prospect abroad". The Financial Express. Dhaka.
  7. ^ Sobhan, Rehman (4 October 2010). Challenging the Injustice of Poverty: Agendas for Inclusive Development in South Asia. SAGE Publications. p. 111. ISBN 9788132104681.
  8. ^ "GDCL to arrange Tk 1b fund for Pran thru Islamic Bond issue". The Daily Observer. Retrieved 31 March 2017.
  9. ^ Basit, Abdul. "Pran Foods expects 60% sales growth in 2014". Khaleej Times. Retrieved 31 March 2017.
  10. ^ "PRAN-RFL fetches over Tk 1,000cr from export". Daily Sun. Retrieved 31 March 2017.
  11. ^ Mitra, Sounak (10 February 2016). "If Shan doesn't get you, PRAN will". livemint.com/. Retrieved 1 April 2017.
  12. ^ "PRAN starts potato export". The Daily Star. 11 March 2016. Retrieved 31 March 2017.
  13. ^ "PRAN to export $3m of cassava to New Zealand". The Daily Star. 12 April 2016. Retrieved 31 March 2017.
  14. ^ "In memory of the man who built Pran". The Daily Star. 5 July 2016. Retrieved 31 March 2017.
  15. ^ "PRAN aims at poverty cut, employs over 10 lakh workers". Daily Sun. Retrieved 1 April 2017.