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Bangladesh adopts 6 policies towards 4IR

  • Staff Correspondent
  • 28th November, 2021 09:54:23 PM
  • Print news
Bangladesh adopts 6 policies towards 4IR

Bangladesh has adopted six strategies to foster the economy towards the fourth industrial revolution.

According to the papers presented at Bangladesh Investment Summit on Sunday, the strategies helped authorities implement emerging technologies in governance activities.

The strategies cover areas including artificial intelligence, robotics, the internet of things, blockchain, microprocessor and cyber security.

The 4IR, also known as Industry 4.0, features artificial intelligence, robotics and the internet of things, self-driven transport, nanotechnology and biotechnology.

The information was shared at a seminar titled ‘4IR : New avenues for innovative investment’ at the summit, organised by Bangladesh Investment Development Authorities (BIDA).

State Minister for ICT Zunaid Ahmed Palak was the chief guest while Bangladesh Association of Software and Information Services (Basis) President Syed Almas Kabir presented a keynote in the session.

Bangladesh Hi-Tech Park Authority (BHTPA) managing director Dr Bikarna Kumar Ghosh, bKash chief executive officer Kamal Quadir and E-commerce Association of Bangladesh (E-Cab) President Shomi Kaisar were also present in the panel conducted by Grameenphone CEO Yasir Azman.

Bangladesh has exported tech-enabled services worth $1.30 billion across 80 countries across the world.

State Minister for ICT Zunaid Ahmed Palak said the government is developing 38 hi-tech parks across the country to boost local industries.

There are four pillars of Digital Bangladesh --- including human resource development, connectivity, e-government and industry promotion, according to the junior minister.

BHTPA managing director Bikarna Kumar Ghosh said the government provides 12 types of incentives for investors at tech parks.

"The investors will get tax holidays of up to 12 years for setting up hi-tech industries. Some 5 parks are ready for investors," he said.