Bangladesh’s top conglomerate hires MTI for major strategy overhaul
View(s):The Gemcon Group, one of Bangladesh’s leading conglomerates, with diversified interests in retailing, education, sports franchises, engineering, F&B, has signed up an international consortium of MTI Consultants to carry out a major strategic re-alignment of the group, in preparation for quantum growth.
An international team of MTI Consultants with the Gemcon Group Board and CEOs of all their subsidiaries
Dr. Kazi Anis Ahmed, Group Director of the Gemcon Group, speaking at the launch of the project, said: “The Bangladesh economy is poised for very high growth, while at the same time our financial sector is facing challenges. In this backdrop, we have decided to undertake a major re-strategising of our entire business portfolio, in preparation for quantum growth. We have been working with MTI Consulting since 2006 and look forward to yet another very successful outcome.”
“The Bangladesh economy is headed for unprecedented growth in the next 5 to 7 years and will be taking off. Such windows only come in cycles for economies. Further, given the current low GDP, this may well be that defining time in Bangladesh economic history when the big businesses dig in deeper and further consolidate their first mover / early mover advantage,” said Hilmy Cader, CEO of MTI Consulting in a media release