Unemployment is a situation when there are a large number of healthy and able-bodied people in a country who are old enough to work and interested in working, But he is not able to do any work at the conventional wage rate.
In other words, Unemployment is a condition in which job seekers do not get jobs according to their qualifications despite being willing to pay conventional wages. Unemployment is when there is a lack of work according to the ability or desire of the people in a country or region.
When the highly educated do not get qualified jobs due to their higher education and often remain unemployed, it is termed as educated unemployment. This type of unemployment is more common in urban areas. This problem is still noticeable in our country.
Being educated and being unemployed is the most difficult. But there were or are many great people in our society who have thought about this problem. Thousands of unemployed people have been freed from this problem.
Our great leader Mr. Md. Akhtaruzzaman Chowdhury Babu has established himself, as well as made millions of young people active on work. From an early age he was a very intelligent and far-sighted man. Just as he was gifted in his studies, he was also very mature in politics.
But not many people know that he was an extremely intelligent business man. Although he was deeply involved in politics, he was also involved in business. When he returned to the country in 1965 with an honors degree after graduation, he joined his elder brother’s business.
That’s where the attraction to his business begins. He then left his older brother’s business to get involved in politics. But it should not be forgotten that he was a multitalented person.
He was a very active person in politics as well as in business. Akhtaruzzaman Chowdhury Babu was a hit businessman and entrepreneur. Similarly to politics before independence, he set up a manufacturing facility referred to as Royal enterprise on Batali road.
Similarly to his personal manufacturing unit, he also looked after his elder brother’s factories. He later built various organizations with his own hard work and qualifications. Some of the organizations he has formed are – Asif Steel Mill, Javed Steel Mill, Asif Synthetic, Pan Mango Vegetable, Afroza Oil Mill, Bengal Synthetic Products etc.
Vanguard Steel Mill purchased synthetic resin products and founded the Zaman Industrial Group in the first two decades of independence in northern Bangladesh. Moreover, he bought a foreign-owned Aramit Mill and built it on his own.
Is it because he has built so many institutions with his own indomitable and strong will that these institutions are going on like this? No, It’s want to have manpower for this. Akhtaruzzaman Babu has provided employment to millions of unemployed people.
Unemployment has dropped significantly in the country since his companies were established. A factory will no longer employ 100 people. The factory needs millions of workers to run it fully. So if he has at least 50,000 workers in each of his factories, then imagine how many people he has freed from unemployment.
In addition to this factories, he has invested his money in different sectors in different places and built various organizations. One of which was UCB Bank. The great man Mr. Akhtaruzzaman Chowdhury Babu has helped thousands of educated unemployed to breathe a sigh of relief.
He is the founder and founding chairman of United Commercial Bank Limited (UCBL), the second largest private bank in the country.
Its biggest contribution is today’s “United Commercial Bank”, many call it UCB Bank. He has played a very important role in pioneering the establishment of private banking sector in Bangladesh. He turned into re-elected chairman of the bank in 2011 and held the put up till his dying.
So we proudly say that, Mr. Akhtaruzzaman Chowdhury Babu did employment for million of unemployed peoples.