A number of Indian corporations with vital operations in Bangladesh can face an influence because the nation plunges right into a political disaster after Prime Minister Sheikh Hasina’s ouster. Many Indian companies have a big presence within the neighboring nation throughout numerous sectors like auto, energy, railways, pharma and fast-moving shopper items.
Hasina had resigned and left the nation on Monday after fierce clashes in Dhaka left over 100 useless and plunged the nation into chaos. Military chief Waker-Uz-Zaman stated a brand new interim authorities can be fashioned with the participation of all events after a gathering of senior navy and political leaders on the military headquarters.
NDTV Revenue explores the footprint of those corporations in Bangladesh and assesses the potential repercussions.
FMCG Corporations
Marico Ltd. depends closely on its worldwide enterprise, with 44% of its income coming from Bangladesh. Marico Bangladesh Ltd., a completely owned subsidiary, generated Rs 1,103 crore within the final monetary yr, accounting for 11% of Marico’s complete income, based on its annual report.
Emami Ltd.’s operations in Bangladesh are substantial. Emami Bangladesh Ltd., a completely owned subsidiary, has a neighborhood manufacturing facility and reported income of Rs 17,423 crore within the final fiscal, making up 6% of the corporate’s complete income.
Asian Paints Ltd. additionally has a big presence in Bangladesh via its wholly owned subsidiary, Asian Paints (Bangladesh) Ltd., which recorded Rs 10 crore in income and Rs 12 crore in royalty funds in 2023–24. The corporate has a mortgage of Rs 12 crore from Normal Chartered Financial institution of Bangladesh and a revenue share of 0.2% for final fiscal.
Pidilite Industries Ltd. has two wholly owned subsidiaries in Bangladesh — Pidilite Speciality Chemical compounds Bangladesh Pvt., contributing 4.23% to the corporate’s revenue within the final fiscal; and Nina Percept (Bangladesh) Pvt. with a 0.21% share in revenue.
Jubilant FoodWorks Ltd. has not too long ago accomplished a 100% acquisition of Domino’s Pizza in Bangladesh and holds the rights for the Popeyes fried hen restaurant chain, working 26 shops within the nation by the December quarter of the final fiscal.
Godrej Client Merchandise Bangladesh Ltd. is one other 100% subsidiary that underscores the corporate’s dedication to the Bangladeshi market. VIP Industries Ltd. sources 30–35% of its manufacturing capability from Bangladesh, highlighting its reliance on the nation.
Railways, Defence
Within the railway sector, Rites Ltd. secured a contract value Rs 906 crore for supplying 200 broad-gauge passenger coaches to Bangladesh. Texmaco Rail & Engineering Ltd. exports freight vehicles to the nation, whereas BEML Ltd. additionally has a notable presence within the Bangladeshi railway business.
Defence corporations like Backyard Attain Shipbuilders & Engineers Ltd. have obtained a $21-million order to construct superior ocean-going tugs for the Bangladesh Navy and a complete contract of $16.5 million from the Bangladesh Inland Water Transport Authority.
Oil Corporations
Indian Oil Corp.’s export operations embrace Bangladesh, the place the corporate exports merchandise like gasoline oil, jet A1 gasoline, gasoline, Avgas aviation gasoline and sulphur, exporting 17.4 MT of sulphur by way of street within the final fiscal.
Energy Corporations
Adani Energy Ltd.’s 1,600-megawatt Godda ultra-supercritical thermal energy plant provides 100% of its electrical energy to Bangladesh underneath a 25-year energy buy settlement with the Bangladesh Energy Growth Board, signed in November 2017. Within the final fiscal, the Godda plant’s complete earnings and Ebitda was Rs 7,515 crore and Rs 2,986 crore respectively, contributing 12% to Adani Energy’s income.
NHPC Ltd. and Bharat Heavy Electricals Ltd. are setting up a 1,320-MW coal-based energy plant in Bangladesh by way of a three way partnership referred to as the Rampal energy station.
Auto Corporations
Hero MotoCorp., in collaboration with Niloy Motors Ltd., has established a big manufacturing unit in Jessore, Bangladesh. This facility, together with others in Padmabilla, Shakharigati and Kotowali within the southwestern area of the nation, highlights the corporate’s substantial presence in Bangladesh.
The Jessore plant boasts a manufacturing capability of 1.2 lakh models every year. In 2023–24, this enterprise accounted for two–3% of Hero MotoCorp.’s complete gross sales and represented a considerable 50–60% of the corporate’s complete exports. This strategic funding underscores the significance of the Bangladeshi market to Hero MotoCorp.’s total enterprise operations and development technique.
Ashok Leyland Ltd. has an meeting plant in Bangladesh in affiliation with IFAD Autos Dhaka. The workshop is positioned at Madanpur in Narayanganj District. It sells 65% of its domestically assembled mild and medium business vehicles and buses.
Corporations like Tata Motors Ltd. additionally promote the sunshine business automobile by way of companions within the markets. The tipper truck market has additionally seen robust demand for each new and used tippers within the markets.
One other key section is the bus market that Tata Motors is concentrating on. Tata Motors’ manufacturing plant in Jessore produces buses which might be particularly tailor-made to satisfy the nation’s wants and preferences.
Telecom Corporations
Within the telecom sector, Bharti Airtel Ltd. operates via Robi Axiata, proudly owning a 28% stake.
Pharma Corporations
Solar Pharmaceutical Industries Ltd. has inaugurated a brand new plant in Bangladesh, marking its second funding within the nation. The brand new facility boasts a manufacturing capability of over 1 billion tablets and capsules per yr, emphasising the corporate’s enlargement within the pharmaceutical business.
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