Bangladesh is a country rich in aquatic resources, with a thriving seafood industry contributing significantly to the national economy. At the forefront of this industry is Tafhim Al Azmi, a visionary entrepreneur who has transformed multiple sectors in Bangladesh. As the Chairman of BD Seafood Limited, Sabjiana Limited, and BD Foods Limited, his leadership has been instrumental in reshaping the seafood and agro-processing industries, driving economic growth, and fostering employment opportunities.
Tafhim Al Azmi: An exemplary guide
Mr. Tafhim Al Azmi has been a driving force behind BD Seafood Limited and its sister companies, implementing technological innovations, sustainable aquaculture practices, and strategic market expansion. His contributions have earned him numerous accolades, including the Commercially Important Person (CIP-Export) award multiple times (2011, 2014, 2015, 2021, and 2022). His companies have consistently received the National Export Trophy (Bangladesh’s highest export honour) every year since FY 2008-2009.
Under his leadership, BD Seafood Limited has earned global recognition, securing Best Aquaculture Practices (BAP) and HACCP Codex Alimentarius certifications. His vision for industry sustainability has positioned him as a key player of Bangladesh in the global seafood market, enhancing export revenue and economic resilience.
BD Seafood Limited: Transforming the seafood sector
BD Seafood Limited is a premier seafood processing and exporting company committed to high-quality frozen fish and shrimp production. Despite challenges such as declining water bodies, inadequate financial support for farmers, and logistical hurdles, the company has continuously innovated to enhance productivity and efficiency. By introducing state-of-the-art refrigeration, cold storage systems, and modern aquaculture techniques, BD Seafood Limited has strengthened Bangladesh’s overall seafood industry.
The fisheries sector plays a significant role in Bangladesh’s economy. In FY 2023-24, total fish production from inland water bodies and marine sources reached 5.08 million metric tonnes, maintaining Bangladesh’s position as one of the world’s leading aquaculture producers.
Notably, the Hilsa species contributed approximately 650,000 tonnes, accounting for about 12.21 per cent of the country’s annual fish production. The fisheries sector contributed 2.08 per cent to the national GDP, while its share in agricultural GDP was 21.83 per cent. The export earnings from frozen and live fish stood at USD 456 million, making it a significant contributor to foreign exchange reserves.
Bangladesh has made remarkable strides in its fisheries sector, now ranking as the second-largest producer of freshwater fish globally, surpassing China and trailing only India. This achievement is highlighted in the Food and Agriculture Organization’s (FAO) report, “The State of World Fisheries and Aquaculture 2024.”
The fisheries sector plays a vital role in Bangladesh’s economy supporting around 20 million jobs, including 1.4 million roles played by women. Per capita fish consumption has seen a significant rise, increasing from 7.5 kg in 1990 to 30 kg in recent years, underscoring the sector’s role in enhancing national nutrition.
These advancements reflect the successful implementation of sustainable practices and strategic initiatives within the fisheries sector, largely thanks to companies such as BD Seafood Limited, contributing consistently to economic growth and food security in Bangladesh.
Sabjiana Limited: Pioneering agro-processing in Bangladesh
Sabjiana Limited, one of Mr. Azmi’s entrepreneurial ventures, is dedicated to enhancing agricultural food processing and strengthening supply chains. By collaborating directly with farmers and introducing modern cultivation techniques, the company has significantly increased agricultural productivity while improving rural livelihoods.
The agro-processing sector plays a vital role in Bangladesh’s economy, with agriculture contributing 3.21 per cent to GDP growth in FY 2023-24.
Building on his father’s legacy as a pioneer in exporting fresh vegetables from Bangladesh to the UK and the Middle East in the 1980s, 1990s, and early 2000s, Mr. Azmi introduced frozen container shipments of vegetables in value-added packs. This trendsetting move allowed for large-scale exports at competitive prices, addressing food security challenges while expanding market access.
Frozen vegetable exports from Bangladesh, from companies such as Sabjiana, among others, have seen steady growth, supported by investments in modern preservation techniques and logistics infrastructure. These products hold deep sentimental value for the non-resident Bangladeshi community, enabling them to reconnect with the flavours of home.
Economic significance of these sectors
Each of these industries — seafood, agro-processing, and food manufacturing — plays a pivotal role in Bangladesh’s economic framework:
• Seafood Industry: Strengthens export revenue and provides employment in coastal regions. The sector employs over 1.2 million people, including fishermen, processors, and supply chain workers.
• Agro-Processing: Supports food security, stabilises rural income, and reduces post-harvest losses. The government allocated Tk 250 billion (25,000 crore) for subsidies on fertilizers and agricultural activities in FY 2023-24, demonstrating the sector’s economic importance.
• Food Manufacturing: Increases value-added exports and boosts industrial growth. The manufacturing sector contributed 27.2 per cent to GDP growth, highlighting its role in economic diversification.
Despite industry challenges, Mr. Azmi’s strategic leadership has turned obstacles into opportunities, ensuring that these sectors continue to grow and contribute to national economic progress.
A sustainable future for Bangladesh’s economy
With a commitment to sustainability, BD Seafood Limited and Sabjiana Limited are set to drive further innovation and expand Bangladesh’s footprint in the global seafood and agro-processing industries. Investments in R&D, advanced technology, and strategic market positioning will solidify Bangladesh’s reputation as a high-quality producer in these essential sectors.
As a visionary entrepreneur and industry leader, Tafhim Al Azmi’s impact extends beyond corporate success. His contributions to employment, economic stability, and industry transformation make him a key figure in facilitating Bangladesh’s journey toward sustainable economic development.
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