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Message: <blockquote data-quote="Bilal9" data-source="post: 13523774" data-attributes="member: 154508">Chairman of Pran-RFL Group'There are lessons to be learned from Opex's failure'Own reporterDhaka<img src="https://images.prothomalo.com/prothomalo-bangla%2F2021-10%2F4a65a75d-3634-45fa-90a6-e2805097f071%2FWhatsApp_Image_2021_10_24_at_13_26_24.jpeg?auto=format%2Ccompress&format=webp&w=640&dpr=1.0" alt="Ahsan Khan Chowdhury, Chairman and Chief Executive Officer (CEO), Pran-RFL Group" class="fr-fic fr-dii fr-draggable " style="" />Ahsan Khan Chowdhury, Chairman and Chief Executive Officer (CEO), Pran-RFL GroupProthom-alo file pictureAhsan Khan Chowdhury, Chairman and Chief Executive Officer (CEO) of Pran-RFL Group, thinks that the traders have a lot to learn from the closure of factories at the Kanchpur branch of Opex & Sinha Textile Group, one of the most successful entrepreneurs in the export oriented garment sector.Ahsan Khan Chowdhury said, “We have a lot to learn from the failure of OPEX. I have known Uncle Anisur Rahman Sinha for 45 years. Very good. At the same time a prudent businessman. He quit his job in the military and started a business. Opex was doing very well. Very good. I think Opex had the opportunity to make its debut as one of the best companies in the world.The chairman of Pran-RFL Group thinks that the main reason for the failure of organizations like Opex is the lack of effective management. “Legacy is very important for every business,” he said. Maybe the current owner of your organization is too good. How are those who will come in the future? What is their wisdom? How focused they are on business. If they are not paying attention, then the business needs to be professionalized. Should be left in the hands of professional management. We have to build a management like Unilever and Nestle. 'Ahsan Khan Chowdhury said this while responding to a reporter's question at Charka Textile at Danga Industrial Park in Palash, Narsingdi on Saturday.<a href="https://www.prothomalo.com/business/industry/%E0%A6%85%E0%A6%A8%E0%A6%B2%E0%A6%BE%E0%A6%87%E0%A6%A8%E0%A7%87%E0%A6%B0-%E0%A6%9C%E0%A6%A8%E0%A7%8D%E0%A6%AF%E0%A6%A6%E0%A6%BE%E0%A6%B0%E0%A7%81%E0%A6%A3-%E0%A6%B8%E0%A6%AB%E0%A6%B2-%E0%A6%93%E0%A6%AA%E0%A7%87%E0%A6%95%E0%A7%8D%E0%A6%B8-%E0%A6%AC%E0%A6%A8%E0%A7%8D%E0%A6%A7-%E0%A6%B9%E0%A6%B2-%E0%A6%95%E0%A6%B0%E0%A7%81%E0%A6%A3-%E0%A6%AC%E0%A7%8D%E0%A6%AF%E0%A6%B0%E0%A7%8D%E0%A6%A5%E0%A6%A4%E0%A6%BE%E0%A7%9F" target="_blank"><img src="https://images.prothomalo.com/prothomalo-bangla%2F2021-10%2Fb1ce538e-081b-4be0-bb8a-1ee69824f1dc%2FUntitled_3.jpg?rect=75%2C0%2C291%2C291&auto=format%2Ccompress&fmt=webp&format=webp&w=100&dpr=1.0" alt="দারুণ সফল ওপেক্স বন্ধ হল করুণ ব্যর্থতায়" class="fr-fic fr-dii fr-draggable " style="" /></a>The Opex and Sinha Textile Group, which started in the eighties, once had 45,000 workers. Garments worth several thousand crores were exported. But everything is now past. Authorities announced the closure of all factories in Kanchpur on October 16 after years of illness. A notice signed by the group's acting director (administration) Banij Ali said the company's proprietor had suffered financial losses in all its factories in Kanchpur since 2012. Even after that he continued to run the factories with salaries and allowances and other expenses through sale of loans and land. But the Corona epidemic caused a lack of procurement. Apart from that, the factory environment has been ruined due to the chaos of the workers and employees as well as low efficiency and complete shutdown of activities from time to time. In this situation, the financial condition of the owner has deteriorated drastically. At present it is no longer possible to run factories.Opex and Sinha Textile Group authorities built a large factory complex at Kanchpur on the Dhaka-Sylhet highway, 20 km from Dhaka. Shirts, sweaters, denim, knitwear etc. were made there. Built on 43 acres of land, the textile and garment manufacturing complex is recognized as one of the largest in Asia; However, the number of workers working in the complex was reduced from 13 or 14 thousand to much lower.In response to a question from reporters, Ahsan Khan Chowdhury said, “I joined the Pran-RFL group with my father when I was 21 years old. I have been in business for 30 years. Already my second generation has come into the business. My daughters are working. However, I am constantly studying whether my next generation will be able to fulfill this huge responsibility of the Pran-RFL group; Although at the same time we have made a lot of professionals. All our directors are paid. Although they are not owners, their contribution is more than the owners. We have made arrangements for them to share the profits so that they can consider the business as their own."Opex has failed," said Ahsan Khan, chairman of the RFL Group. "Many said they had invested too much. I don't think so. Uncle Anisur Rahman Sinha ran the business well. But could not create the right legacy. Of course, when they did business, there weren't as many professionals as there are now. The factory owners worked 24 hours a day, 24 hours a day. At present there are good quality middle class officers who are much more professional. Understands numbers. Can take responsibility. If they are paid properly, they will be able to take on the responsibility of an organization like Opex."(Translated from Bengali, ignore some mistakes)</blockquote>

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