Fakir Fashion Limited has recently invested in Bangladesh’s leading IT software and Technology Consultancy company Astha IT, as a continuation of its efforts to venture into the IT software and technology arena.
Astha IT, a leading tech company from Bangladesh, has recently secured this multi-million-dollar investment from Fakir Fashion Limited, a prominent market giant in the Bangladesh’s RMG industry. This strategic alliance aims to leverage the strengths of both companies, driving innovation and accelerating digital transformations across various sectors Worldwide!
Astha IT is an ISO-certified software development firm that specializes in building scalable and innovative technology solutions. With over 15 years of experience, the company has a proven track record of delivering successful projects for governments, large enterprises, and startups across the globe. Astha IT’s team of over 500 talented professionals is renowned for their expertise in areas such as AI, DevOps, cloud computing, and cutting-edge software development. Astha IT CEO, Hasnaeen Rizvi Rahman, expressed excitement about the recent funding, stating, “This alliance will extend our global horizons to an endless extent! We are looking forward to spread all over the world!”
Fakir Fashion Limited, on the other hand, is a market leader in the Fashion Garments manufacturing industry, known for its commitment to quality and sustainability. The company has a strong presence across Bangladesh and has been at the forefront of driving digital transformation within the manufacturing industry. FFL’s investment in Astha IT signifies its commitment to leverage technology in developing the IT infrastructure and manufacturing potential of the Bangladesh. Managing Director, Fakir Kamruzzaman Nahid, emphasized this notion, stating, “Together, I believe we will leverage our collective expertise, creativity, and passion to transform great ideas into groundbreaking realities.”
The successful funding and strategic alliance between Astha IT and Fakir Fashion Limited marks a significant milestone for both companies. This partnership is poised to develop innovative digital solutions that address the evolving needs of the new era. This includes making the use of advanced technologies and Artificial Intelligence to become globally recognized Bangladeshi brands.
This partnership was made effective through a signing ceremony on Tuesday, 28 May, 2024 at Six Seasons Hotel, along with key personnel from both the organizations and important industry personalities. BKMEA vice president, Fazlee Shamim Ehsan, BASIS president, Russell T Ahmed and BASIS Vice President Iqbal Ahmed Fakhrul Hasan were also present in the event.
BASIS president, Mr. Russle T Ahmed, in this case drew attention to the emerging IT industry of Bangladesh and its immense potential to empower its youth and make use of its human resource. He quoted his conversation with Hon. Prime Minister of Bangladesh, Sheikh Hasina and mentioned that Bangladeshi local companies growing their capacity, making use of this Human potential is the only way for Bangladeshi software market to truly thrive. He also emphasized Bangladeshi companies growing and being self-sufficient in the technology market, reducing the need for national technology outsourcing. He congratulated Fakir Fashion Limited for extending its efforts in this venture and urged Mr. Nahid to develop the potential for this market.
