Two businesses receive SCB-FE CSR awards

Dhaka,  Mon,  21 August 2017
Published : 17 Mar 2016, 00:43:09 | Updated : 17 Mar 2016, 09:59:54

Two businesses receive SCB-FE CSR awards

FE Report

Two local leading business entities-Epyllion Group and PHP Family-have received the sixth Standard Chartered-Financial Express Corporate Social Responsibility (CSR) Award-2016 for their outstanding contributions to communities beyond their corporate practices. 

Finance Minister AMA Muhith handed over the 6th SCB-FE CSR awards to the recipients as the chief guest at a function held at the Westin Hotel in the capital on Wednesday.

Professor Wahiduddin Mahmud, Chairman of the 12-member CSR award committee, announced names of the winners in consideration of their roles in various arenas, especially in the fields of health, education, promotion of young talents and green manufacturing practices.

Sufi Mohamed Mizanur Rahman, Chairman of PHP Family, and Reaz Uddin Al-Mamoon, Managing Director of Epyllion Group, received the awards on behalf of their respective organisations.

Speaking on the occasion, Reaz Uddin Al-Mamoon said: "We do more charity, we do less CSR but we need to do more for the society.

Certainly this award will give us more motivation."

Sufi Mohamed Mizanur Rahman, Chairman of PHP Family, said they had started the business with only Tk 100 but they are now paying Tk 4.0 billion to the national exchequer.

"The crucial question is what we're doing for others. The more we do for others, the more we'll get in returns," he said.

"We must recognise success whenever it happens. That's the reason I came here," Finance Minister AMA Muhith said in his speech. 

He said Bangladesh has been making very good progress consistently over the last 25 years. "The country will sustain its growth, if our resources are used properly, and of course, those are not siphoned off."

The Financial Express (FE) Editor AHM Moazzem Hossain gave the vote of thanks.

State Minister for Finance and Planning MA Mannan and Chief Executive Officer of Standard Chartered Bank, Bangladesh Abrar A. Anwar and country head of corporate Bitopi Das Chowdhury, among others, spoke on the occasion.

Among the award recipients, Epyllion Group started its journey as a readymade garment (RMG) house manufacturing and exporting knitwear since 1994 and has been considered today as one of the biggest conglomerates with establishment of its backward linkage of all kinds-knit garments, textile, wet processing and garments accessories.

The Group experienced 25 per cent export growth in the fiscal year 2014-2015 while the capacity growth intensified to 8.0 per cent during the same period. Major buyers of its products are C&A, M&S, G-Star, H&M, Celio, Original Marine, Next and s.Oliver etc.

On the other hand, PHP (Peace, Happiness & Prosperity) Group started its business in 1969 to emerge later one of the leading business conglomerates in Bangladesh. It is now the well-known PHP Family.  The group comprises over 30 companies that are operating in diversified business sectors like Steel, Float Glass, Aluminum, Textiles, Power, Petro Refinery, Financial Services, Agro and so on.  Pioneering the steel and float glass industries in Bangladesh, the PHP Family has been continuously exploring newer horizons each day with innovative and eco-friendly technologies.

The Standard Chartered-Financial Express Corporate Social Responsibility (CSR) Award was introduced in 2005. and
Editor : A.H.M Moazzem Hossain
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