City Group ( bn, সিটি গ্রুপ ) is one of the largest Bangladeshi conglomerates. It began on 6 February 1972 as a

mustard oil Mustard oil can mean either the pressed oil used for cooking, or a pungent essential oil also known as volatile oil of mustard. The essential oil results from grinding mustard seed, mixing the grounds with water, and extracting the resulting vol ...

company venture under the name City Oil Mills. The first project of City Oil Mills turned out to be very successful. After then, the company grew very quickly. It presently owns more than 25 major concerns located throughout

Bangladesh Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

. Now, City Group stands as one of top ten business houses in Bangladesh.

History

City Group was established by Fazlur Rahman, a

business magnate A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through perso ...

in the private sector of Bangladesh. City Group began on 6 February 1972 as a mustard oil company venture. After its first successful project, City Group invested in new fields, including

manufacturing Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a r ...

industry Industry may refer to: Economics * Industry (economics), a generally categorized branch of economic activity * Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery * The wider industrial sector ...

and

trading Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchan ...

. More enterprises were established in the early 1990s; these included

consumer goods A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike a intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good, but ...

, foods, steel, printing & packaging, shipping, power and energy, shares and securities, insurance, media, and healthcare. On 4 October 2017, the Government of Bangladesh approved the export of 57,273 tones of Sugar by Deshbandhu Group and City Group.

City Hi-Tech Park

City Group is planning to build a Hi-Tech Park in

Demra Demra ( bn, ডেমরা) is a ( metropolitan) Thana of Dhaka city, The capital of Bangladesh. It consists of Ward No 64,65(part),67,68,69 and 70 of Dhaka South City Corporation.Demra is Situated in The Eastern Border area of Dhaka City. H ...

, Dhaka which will be biggest Hi-Tech park developed by a private company. Total investment target is 50 Billion BDT and expecting to create 15,000 jobs. The park to be built in on 115 acres of land area in Demra. The park will be used to manufacture technology products such as

microprocessors A microprocessor is a computer processor where the data processing logic and control is included on a single integrated circuit, or a small number of integrated circuits. The microprocessor contains the arithmetic, logic, and control circu ...

chips ''CHiPs'' is an American crime drama television series created by Rick Rosner and originally aired on NBC from September 15, 1977, to May 1, 1983. It follows the lives of two motorcycle officers of the California Highway Patrol (CHP). The serie ...

, circuits,

mobile phone A mobile phone, cellular phone, cell phone, cellphone, handphone, hand phone or pocket phone, sometimes shortened to simply mobile, cell, or just phone, is a portable telephone that can make and receive calls over a radio frequency link whil ...

s and

laptops A laptop, laptop computer, or notebook computer is a small, portable personal computer (PC) with a screen and alphanumeric keyboard. Laptops typically have a clam shell form factor with the screen mounted on the inside of the upper li ...

. The investors of the park will get government facilities fast and also one stop service from the authority.

Controversy

On 14 July 2022, a

Chattogram Chittagong ( /ˈtʃɪt əˌɡɒŋ/ ''chit-uh-gong''; ctg, চিটাং; bn, চিটাগং), officially Chattogram ( bn, চট্টগ্রাম), is the second-largest city in Bangladesh after Dhaka and third largest city in B ...

court issued an arrest warrant for City Group Chairman Fazlur Rahman, in a case filed by the Bangladesh Standards and Testing Institution (BSTI) for not maintaining standard

Vitamin A Vitamin A is a fat-soluble vitamin and an essential nutrient for humans. It is a group of organic compounds that includes retinol, retinal (also known as retinaldehyde), retinoic acid, and several provitamin A carotenoids (most notably bet ...

levels in soybean and palm oils. Prior to that, on October 20, 2019, BSTI inspector Rajiv Dasgupta filed a case as the group’s “Teer” oil failed to pass the "Vitamin-A" test in BSTI lab. In the case statement, the allegation was brought against Fazlur Rahman saying that he violated the government order and act by not following edibles oil fortification with Vitamin A Act-2013.

List of companies

City Group now operates over 25 major concerns: * City Oil Mills * City Re-rolling Mills * City Vegetable Oil Mills Ltd. * City Fibers Ltd. * Hasan Plastic Industries Ltd. * Hasan Flour Mills Ltd. * Hasan Printing & Packaging Ltd. * Hasan Containers Ltd. * City Navigations Ltd. * City PET Industries Ltd. * Shampa Oil Mills Ltd. * City Dal Mills Ltd. * Farzana Oil Refineries Ltd. * VOTT Oil Refineries Ltd. * City Feed Products Ltd. * Deepa Food Products Ltd. * City Seed Crushing Industries Ltd. * City Salt Industries Ltd. * City Sugar Industries Ltd. * C.S.I Power & Energy Ltd. * Rahman Synthetics Ltd. * Hamida Plastic Industries Ltd. * Shampa Flour Mills Ltd. * Hasan Securities Ltd. * City Bran Oil Ltd. * Dhaka Insurance Ltd. * Somoy Media Ltd. * Asgar Ali Hospital Ltd. * Speech Bubble Communications Ltd. * New Sagurnal Tea Co. Ltd. Juri, Moulovibazar. * Nahar Tea Estate, Sreemongal, Moulovibazar. * Chandpur Belgaon Tea estate, Banskhali, Chittagram. * Rupshi Flour Mills Ltd * City Edible Oil Ltd

References

{{Reflist Conglomerate companies established in 1972 Conglomerate companies of Bangladesh Bangladeshi companies established in 1972

History

City Hi-Tech Park

Controversy

List of companies

See also

References