LGW Group came into existence way back in the year 1933, The Trading concern with the passage of time graduated from Proprietorship to Partnership to Private Limited Company and on 3rd August,1984 it assumed the status of a Limited Company to keep pace with the increased business, both in terms of volume and revenues. Infrastructural facilities were created and developed for export of various other items like Chemicals, Engineering goods, Food grains, Textile goods, etc.
In the Early 1990's, Bangladesh became a major exporter of readymade garments and knitted fabrics to the European and American markets by virtue of being a non-quota Country. In the process this resulted in generating huge demand for Indian Cotton Yarn and Fabrics till 2002, which in turn created huge demand for various types of Indian Raw Cotton from 2002 onwards as the raw material to manufacture the Cotton Yarn in Bangladesh. LGW availed both the opportunities to the maximum extent and became the number one Merchant Exporter in India for Cotton yarn in the year 2001 & 2002.
LGW as the company made a very conscious effort to build the Brand "LGW" and LGW Group today has made a distinct identification for itself in the Asian market with annual turnover over 500 Crores (USD 100 millions) in the Fiscal 2010-2011. Constant Endeavour for enhancements of the infrastructural support is a way of life in LGW.
BUSINESS HISTORY
Prior to partition of Bengal during British rule the firm was having regular business links with the erstwhile East Bengal in undivided India as a domestic supplier from 1933-1947. The original business of the firm was in the area of jewellery various types of plastic goods including imitation jewellery etc in which the firm was a market leader in Calcutta. After birth of Bangladesh as an independent country, the firm started exporting it's items from 1973 and gradually made strong foothold in the Bangladesh market and also started export of various other items like Chemicals, minerals, engineering goods, and textile goods as a merchant exporter. In the meantime Bangladesh become a major exporter of readymade garments and knitted fabrics to the European and American Markets by virtue of being a non quota country.In the process large scale modern production units for readymade garments/knitted fabrics came up in Bangladesh which started generating huge demand for Indian Cotton yarn and Fabrics as Raw materials for ultimate export of finished goods (Readymade garments) from Bangladesh to European & American Markets.
The Directors of the Company visualized the enormous opportunities for export of Cotton yarn from India and slowly started export of Cotton yarn from 1988 to Bangladesh. By 1990 the Company established it's presence as a major supplier of Cotton yarn to all the reputed manufacturers/exporters of garments in Bangladesh.
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