Dhaka,  Friday
01 November 2024

Morshed Alam : A trailblazing business magnate and political leader

Jannatul Ferdushy

Published: 03:45, 1 January 2024

Morshed Alam : A trailblazing business magnate and political leader

Morshed Alam. Photo : Collected

Morshed Alam stands as one of the most distinguished business icons in the country. Born on March 29, 1950, his acute perception and technical expertise have propelled him to the forefront of entrepreneurship, solidifying his position as a leading figure in the business realm.

A member of the Bangladesh Awami League, Morshed Alam has had a noteworthy political career. He was elected as a Member of Parliament representing the Noakhali-2 Constituency in both the 10th and 11th National Parliament Elections in 2014 and 2018, respectively, showcasing his continued dedication to public service and governance.

Morshed Alam holds the prestigious position of Chairman within the Bengal Group of Industries and RTV, playing a pivotal role in various business sectors such as export-oriented plastics, garments, chemicals, and food processing industries. Additionally, he serves as the Chairman of the National Life Insurance Company, Bengal Bank, and Mercantile Bank, contributing significantly to the financial sector.

Moreover, Morshed Alam's influence extends to the infrastructure realm as the Chairman of the Morshed Alam Complex in Choumuhani, the commercial hub of Noakhali, reflecting his commitment to fostering development and prosperity in the region.

Morshed Alam has been recognised for his exceptional contributions to the business arena, earning significant honours and accolades. The Ministry of Commerce, Government of the People’s Republic of Bangladesh, designated him as a CIP (commercially important person) for the fiscal years 1996–1997, 1999–2000, 2008–2009, and 2010–2011 (export) in acknowledgment of his noteworthy achievements.

Additionally, his notable accomplishments include receiving prestigious awards such as the Prime Minister’s National Export Trophy multiple times. He was honoured with the Gold Trophy during the fiscal years 2013–2014, 2012–2013, 2011–2012, 2006–2007, and 2000-2001. Furthermore, he received the Silver Trophy for the Fiscal Years 2013-2014, 2012-2013, 2010-2011, and 2009-2010, along with the Bronze Trophy for the Fiscal Year 2010-2011. Notably, Morshed Alam was also the recipient of the esteemed "Best Enterprise Award 2007," presented by DHL.

Regarding his net worth, as of 2023, it has reportedly seen substantial growth. However, specific and accurate estimations of an individual's net worth often involve a complex assessment of various financial factors, including investments, business ventures, assets, liabilities, and market fluctuations. While there are estimates suggesting his net worth is around $5 million, it's important to note that such estimations can vary, and obtaining precise details about someone's financial worth might not be publicly available or easily accessible.

Morshed Alam's income primarily stems from his successful endeavours, and his commendable achievements in the business and export sectors signify a highly influential and prosperous career.

Messenger/Disha