• Tuesday, Nov 19, 2019
  • Last Update : 01:19 am

Investing in tech

  • Published at 11:53 pm July 17th, 2019

It is further encouraging to see that the majority of the companies concerned will focus primarily on technology solutions

It is imperative for an emerging economy such as Bangladesh -- one with ambitions of attaining certain economic milestones such as middle-income status in the near future -- to create opportunities where investors, entrepreneurs, and organizations, both local and international, will be encouraged to invest.

To that end, it is encouraging to see that certain renowned multi-national firms are set to make significant investment at Bangabandhu Hi-Tech City-2 on close to 100 acres of land at Kaliakoir in Gazipur, with the hope that this is just the start of many more large-scale investment opportunities in the future.

It is further encouraging to see that the majority of the companies concerned will focus primarily on technology solutions and software development, two emerging fields in the country that has tremendous growth potential.

It is no surprise that when it comes to attracting investment, Bangladesh has struggled; its ease of doing business ranking has consistently been marked out as the most significant roadblock businesses face.

However, the government must be lauded for looking to find solutions to address this issue. In addition to setting up hi-tech parks, the government is also in the process of creating Special Economic Zones in different parts of the country and also evaluating how to bring efficiency to the already existing Export Processing Zones in the country.

Therefore, the government must also continue its efforts to create a favourable business climate, so that companies can invest with confidence and help propel the Bangladeshi economy to greater heights.