Group makes foray into steel industry | 2018-04-17 |

Group makes foray into steel industry

Staff Correspondent     17 April, 2018 12:00 AM printer

Azim Group, one of the pioneers in the garment industry of the country, marked its footprint to the steel industry with launching its new steel venture ‘Global Steel and Engineering Limited’.

The business group on Monday formally launched the ‘Global Steel and Engineering Limited’ at Shailabil in Dhamrai.

Dr. Tawfiq-e-Elahi Chowdhury, Power, Energy and Mineral Resources Affairs adviser to the Prime Minister attended the programme as the chief guest.

Masum-Al-Beruni, Managing Director of Power Grid Company of Bangladesh Limited; Mahammad Fazlul Azim, Chairman, Azim Group and other high officials were also present on the occasion.

Global Steel and Engineering Limited (GSEL) has already started fabrication, manufacturing and galvanisation of transmission tower and line hardware materials. Besides this, the vision of GSEL is to expand and manufacture other steel products such as automobiles for export.

Speaking on the occasion, Tawfiq-e-Elahi Chowdhury said that the government is ready to extend its all-out support and cooperation to the investors as investment is the key for sustainable economic growth and employment. “For boosting the capacity of industrialisation, the government is importing LNG gas from Qatar. The maiden consignment of 500mmc LNG will arrive at the end of this month while another consignment of 500mmc will be arrived in next October”, he said adding that it will increase energy capacity by 33 percent.

Highlighting the business community, he said, “You (businessmen) people are continuing establishing new industries and we will try to provide quality power and energy support”.

Azim Group Chairman Mohammad Fazlul Azim, being successful in the garments sector, in now embarking in a new journey to bring a new dimension in the steel industry of Bangladesh.

“With an investment of over Tk 250 crore and intention of creating at least 1000 jobs, we have started our steel journey with Global Steel and Engineering Limited: a transmission tower and line hardware fabrication, manufacturing and galvanizing factory”, he said.

Azim Group is one of the pioneers in garments industry of Bangladesh. It has been exporting readymade garments to various markets of the world including USA, Europe, South America, Russia, Japan, China and Australia.