The Managing Director and CEO of Nabil Group of Industries, Agronomist Md. Aminul Islam, stated that media reports over the past two years regarding the company’s bank loans have tarnished its reputation. He emphasized that the company has sufficient capital and could repay all its bank loans within six months if it chose to.

He made these remarks on Saturday (December 7) during the Partners Meet-2024 event held at the Nabil Industrial Park in Borgachhi, Paba, Rajshahi.

Highlighting the group’s growing influence in the consumer goods market, Md. Aminul Islam said that Nabil Group has been playing a crucial role in the supply and processing of food and agricultural products for over a decade. The group is one of the largest importers of commodities such as wheat, lentils, peas, and soybean meal. In the first eight months of this year, Nabil Group accounted for 24.47% of the country’s total wheat imports, 49.35% of lentil imports, and 56.83% of pea imports.

He further stated, “Nabil Group, known for its uncompromising commitment to ethics and quality, plays a vital role in the market not only by importing products but also by producing certain consumer goods. Particularly in rice production, the group has become one of the top companies in the country. Currently, Nabil Group is the second-largest rice producer, with a daily production capacity of 1,364 tons.”

Md. Aminul Islam also shared that Nabil Group is continuously establishing new industrial facilities to promote agricultural industrialization and create employment opportunities. Operating across the food business, agribusiness, trading, and service sectors, the group has created jobs for approximately 15,000 people through its 20 subsidiaries. This has directly supported the livelihoods of nearly 100,000 people across Rajshahi, Dhaka, Chattogram, Gazipur, Narayanganj, Khulna, Rangpur, Dinajpur, Naogaon, and other regions.

In the fiscal year 2023-24, the total value of imported goods by Nabil Group was $1.21 billion. Since its establishment in 2006, the group has now joined the billion-dollar club, a milestone attributed to the contributions of all company officials and dealers.

The young entrepreneur added that in addition to their business ventures, Nabil Group strives to maintain a smooth supply chain by ensuring adequate imports of consumer goods. Furthermore, the group contributes to the country’s food security by locally producing essential items such as eggs, poultry products, rice, and other staples.

The event was attended by senior officials from administration and banking, professionals, and distinguished guests. Additionally, over a thousand partners and dealers from various regions and employees from different levels of the company participated in the event.