Thursday, 6 October, 2022

Bangladesh to launch 8 more hi-tech parks this year

Govt axes Tk 12bn investment in the parks by 2023

Bangladesh to launch 8 more hi-tech parks this year

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Bangladesh plans to launch operations of eight new hi-tech parks this year and tap Tk 12 billion investments by 2023, senior officials said.

Bangladesh Hi-tech Park Authority (BHTPA) managing director Dr Bikarna Kumar Ghosh said the government has invested Tk 10 billion for developing the parks as economic hub for the hi-tech industries.

“Currently, there are eight parks in operation while more eight parks will be opened by this year to support the local manufacturing industry. Now we can meet 75 percent of local market demand of smart phones through manufacturing locally,” he said.

“In next two years, the country will begin export of the device,” Bikarna Kumar, also an additional secretary of the government, told the Daily Sun on Monday.

According to the officials, Sheikh Kamal IT Training and Incubation Centers will be established in all 64 districts of the country to develop skilled workforces to meet the future demand. Five more such parks including Bangabandhu Hi-Tech City across the country are ready receive investment, the official said.

Barendra Silicon City in Rajshahi and Sylhet Electronic City in Companiganj are focusing on manufacturing of hardware electronics outside the capital Dhaka.

Besides, BHTPA authorities allocated plots to foreign and local software firms in Sheikh Hasina Software Technology Park in Jashore and Janata Hi-tech Park in Dhaka.

Major local and international companies are opting to invest in the parks.

Korean smartphone brand Samsung, local firms Summit Technopolis, Walton, Chinese state-run organisation SinoPharm and Oryx are among the leading companies who got allocation of space.

Oryx Biotech recently announced a mega-investment worth $300 million to establish a plant at Bangabandhu Hi-Tech City injecting serial investments in biotechnology.

The firm will develop plant at Hi-Tech City to reach annual production of 1,200 tonnes of plasma which will be used in medicine for many deadly diseases.

Besides, local company DataSoft is assembling smart wrist bands and two types of laptops at its plant in Bangabandhu Hi-Tech City in Gazipur.

The company acclaimed global attention by exporting Internet of Things devices to Saudi Arabia from the plant.