Youth must work for development: Square Group chief

The young educated and skilled people should come to the world of business to work for economic development, said Tapan Chowdhury, chairman of Square Group.

“Many think Bangladesh has little business potential, but the reality is different.”

“We have a lot of business potential here in Bangladesh. We should make the most use of our resources,” Chowdhury said in a motivational speech to the students of Jahangirnagar University.

Chowdhury cited the example of his own company to inspire the students. Four friends launched a pharmaceuticals company in 1958 with Tk 20,000 only, each paying Tk 5,000, which was the beginning of Square Group, he said.

The company has also investment in textile and garment, toiletries, food and other sectors.

Starting the company with so little investment, the present value of Square Pharmaceuticals alone is over $2 billion or more than Tk 16,000 crore, Chowdhury said. Square Group employs more than 45,000 people.