Thursday, 28 October, 2021
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Bangladesh to be next China in ICT

Japanese investors see high potentials of the sector in Bangladesh

  • Special Correspondent
  • 1 October, 2021 12:00 AM
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Bangladesh can be equally seen as the next China and next India from the Japanese IT/ITES investors and offshore development partners, said Japan-based global software and ICT solution firm BJIT.

“Bangladesh is simultaneously oriented to English and Japanese languages offering available human resources at a very competitive rate that makes Bangladesh unique compared to Viet Nam, Philippines, Latin America, and Myanmar,” BJIT representative Yasuhiro Akashi said.

He was speaking at a webinar hosted by Bangladesh Association of Software and Information Services (BASIS) and Japan External Trade Organization (JETRO) on Thirsday.

The webinar was styled as “Bangladesh- Japan IT/ITES Industry Fraternity: Tapping the Trade & Investment Opportunities”.

JETRO Bangladesh representative Yuji Ando hoped that JETRO and BASIS would work together to the ties between Japan and Bangladesh ICT sectors to the next level.

BASIS director Rashad Kabir introduced the Bangladeshi ICT companies who are now working with cutting-edge technologies in the areas of artificial intelligence, big data analysis, internet of things (IoT), AR & VR, web application and customized software, mobile application.

He invited all the interested Japanese ICT businesses to communicate with BASIS for finding suitable counterparts.

BASIS senior vice president Farhana A. Rahman presented the keynote paper.

Highlighted the rewarding opportunities, she said the fast-paced IT/ITES sector of Bangladesh is ready to offer to the Japanese ICT entrepreneurs and investors,

She said some fiscal and non-fiscal incentives to the Japanese ICT entrepreneurs and investors by the Japan government would expedite the process of making investments in Bangladesh. Farhana Rahman mentioned the current practices saying Japanese investors are investing in the ASEAN countries.

Since 1973, Japan has been the single largest bilateral development partner of Bangladesh, she said.

Addressing the ICT industry fraternity that Japan and Bangladesh enjoys, BASIS had also observed Japan Day in Soft Expo 2019 and continuously attending in the Japan IT Week since 2015, she said.

The webinar was attended by representatives from around 100 top Japanese companies of the ICT domain with a quest of understanding the trade and investment potentials of Bangladesh ICT sector.

The BASIS Japan Desk enlisted members also participated in the event along with the BASIS Secretariat representatives and JETRO Dhaka office.