Bangladesh is set to invest in the information technology (IT) sector in different countries including Africa, South Asia, America, and Europe.
This report is according to the Department of Information and Communication Technology (ICT). The department is willing to invest in the information technology sector in different countries.
A proposal will be put forward to the Prime Minister for a final decision on this new development.
Clarifications by Bangladesh State Minister
The State Minister for ICT Zunaid Ahmed Palak made the remarks while speaking at an exchange of view meeting at the ICT Tower in the capital’s Agargaon on Sunday (January 30).
The meeting comprises the newly elected executive committee of the Bangladesh Association of Software and Information Services (BASIS). Chiefs of different organizations of the ICT department were in attendance.
Bangladesh is proposing to introduce a line of credit of 100 million in the IT sector. The state minister said;
“We will not just be taking loans from countries like India, Japan, or Korea but also invest in different parts across the globe. This time, we are proposing that line of credit to the Prime Minister to extend into Africa, South Asia, America, and Europe”
He further said, since human resources and a friendly business policy are in place along with technology and innovation which is set, the next step is to invest.
An unsecured loan was once impossible but not again. During the pandemic, Crores of Taka was given out at 4% interest. Furthermore, an equity investment for startups was also in place.
The government is taking risks to encourage entrepreneurs with innovative tech and business as the PM forms a disruptive company tagged Bangladesh Limited Company.
Apart from this development, a grant of about Tk 10 lakh is also being issued. Moreover, about 236 companies have benefitted, and investing in thousands more startups is the goal.