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Alliance's diversified holdings

Article - November 13, 2012
If diversification is a positive factor for success, then Alliance Holding's success is guaranteed.
With businesses in an enormous range of sectors – including textiles and garments, knits and dyeing, telecommunications, inland container depots, real estate and land development, soft drinks, livestock, petroleum, steel and pre-engineered steel buildings – there isn’t much that Alliance Holding isn’t involved in.

In fact, Managing Director Yasser Rizvi says that the group is looking into pharmaceuticals, power generation, food industries, and river ports. The last one, which will be called Summit Alliance River Terminals Ltd., is actually already at “an advanced stage” in a joint venture with Summit Group, with whom Alliance operates Summit Alliance Port Ltd. and Oceans Containers Ltd.

“With these [two] companies combined, we handle 30% of all exports out of Bangladesh”, says Mr. Rizvi.

He attributes the group’s success in large part to Bangladesh’s rapidly growing economy and the consequent wide berth for error.

“In a country like ours which is growing so rapidly, especially if you are diversified, you can enter a sector and make a few mistakes and still do well. You can overshoot your capital budget by 10-20% and still make a good profit.”
“We are at such an exciting stage – every minute must be utilized to take advantage of this growth,” he adds.

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