12 industrial entrepreneurs under five categories have been selected and awarded with the President's Industrial Award by the Abdul Hamid, Honourable President of the People's Republic of Bangladesh, in an event held on March 30, 2016.

This year, Abdul Monem, Managing Director of Abdul Monem Ltd. (AML), won the President's Industrial Award under the large industries category, while his son A.S.M. Mohiuddin Monem, Deputy Managing Director of Abdul Monem Ltd., won the same award under the high tech category.

Founded in 1956, the company has been creating value-added products and services that have been contributing to the country's socio-economic progress and environmental sustainability. Resolute in playing a significant role in the country's infrastructural development, AML Construction was founded in 1957. AML went on to establish Danish Bangla Emulsion, Security and Financial Services Ltd., Igloo Dairy Products Ltd., Sugar Refinery Ltd., Novas Pharmaceuticals Ltd., AM Asphalt and Readymix Ltd., AM Auto Bricks Ltd., AM Brand Oil Company, as well as the Abdul Monem Economic Zone.

"The mantra is simple: stick to your dream and work hard to achieve it. Stay honest and humble and don't be afraid of failure. Success is a journey not a destination," said A.S.M. Mohiuddin Monem.

AML is a pivotal creator of employment in Bangladesh, currently with 10,000 highly skilled workers. AML is also known to carry out far-reaching social development activities through its Corporate Social Activities and Engagement program that focuses on education, nutrition, and environment.