Bangladesh Computer Samity, BCS, is going to celebrate its 35th Birth Anniversary with the vision of taking Digital Bangladesh to the next level of the 4th Industrial Revolution. Bangladesh Hi-Tech Park Authority is always staying beside the BCS members for building info-tech infrastructures across the country.
The Authority started its journey in 2010 to bring economic prosperity to the country through developing appropriate frustules and favorable policies to support entrepreneurs and investors to stay ahead in adopting the 4IR. With the gradual development of high-tech and software technology parks, IT incubation and training centers, specialized laboratories across the country the youth of the country now have access to information technology research focusing on emerging technology.
The entire ecosystem is driving towards the implementation of Digital Bangladesh, creating a stream of technology-based employments and decentralizing infrastructure and local employments by promoting entrepreneurship. Bangladesh Hi-Tech Park Authority is working to establish 39 Hi-Tech Parks and Software Technology Parks and 64 IT training and incubation centers across the country.
Among which 8 hi-tech parks and software technology parks are already in business with 8 IT Training and Incubation Centers are going to be operational by the year 2021. Construction of 31 Hi-Tech Parks and Software Technology Parks and 56 IT Trainings and Incubation centers are ongoing. With more than 152 startups and 169+ investors in the hardware, software, and biotech sector, Bangladesh Hi-Tech Park Authority has generated over 21,000 employments in just four years. Competitive Incentive Packages for Investors Bangladesh Hi-Tech Park Authority is committed to providing full support to the investors to create a favorable business environment for them in Hi-Tech Parks. For that, BHTPA has come up with multiple incentives for the investors which will support the business to grow in the process:
Future Industries to Meet the Global Demand To accelerate the development of the country by utilizing the immense potential of the trillion-dollar ICT sector in the world market, the government has set a target of 5 billion in export revenue from the ICT sector and employment of 2 million people by the year 2030. The following sectors are picking up momentum with a sustainable supply and demand: Bangladesh’s fintechs are helping to boost financial inclusion.
Bangladeshis nearly doubled the number of transactions they made using mobile devices between 2016 and 2019, from US$27 billion to more than US$51 billion (Economist, 2020). Growth has been observed in Travel Tech too, as for the first-time domestic travel saw a twofold growth during the year 20-21.
The market of IoT is gradually increasing and it is being expected that the rate of this growth will reach at 38.3% in 2020 whereas the total market will stand at 267 billion. The adoption process to support electronics vehicles and supporting policy to assist related technologies are also ongoing. Following the sectoral plans, Bangladesh Hi-Tech Park Authority is working on providing support on policy, technology adoption, employee skill-up facilities throughout their investment journey in the Hi-Tech ecosystem
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