ABSTRACT
After the liberation of Bangladesh in 1971, mills, factories and banks were nationalized by the government of Bangladesh. However prior to the independence, East Pakistan Industrial Development Corporation (EPIDC) helped set up few enterprises in Bangladesh; especially in the jute sector. Eventually the entrepreneurs of this sector thrived, diversified into other business ventures and became some of the most proponent family-owned firms of the country. As government policies changed and the role of private sector grew in importance, so did the small community of these family-owned businesses. Among the various initiatives to boost the economy by easing on policies of private firms along with wide-ranging economic reforms, industrial policies and investment-friendly atmosphere eventually encouraged entrepreneurship development since independence.
