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BASIS hopeful of raising ICT exports to $5bn by 2025

  • Staff Correspondent
  • 24 February, 2022 12:00 AM
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Prime Minister Sheikh Hasina’s declaration of ICT as the ‘Product of the Year’ will help boost the country’s ICT industry and assist in achieving US$5 billion export target by 2025, software exporters say.

Bangladesh Association of Software and Information Services (BASIS) leaders also assure of closely working with the government to raise ICT export earnings to the expected level.

BASIS executive council led by the association’s president Russell T. Ahmed made the commitment at a meeting with Commerce Minister Tipu Munshi held at the Secretariat on Wednesday, says a release. 

At the meeting, Russell T. Ahmed said, “ICT sector is one of the major tools in the development of the country. Recently, the Prime Minister declared ICT as the Product of the Year while at the same time the government is working to implement the ‘Vision 2041’. “BASIS will play a leading role in implementing this declaration and the vision by working   closely with the government,” he added. 

To reach the export target of US$ 5 billion by 2025, BASIS is working on human resource development, capacity building of IT companies, industry promotion and market expansion, he informed.

Moreover, BASIS will assist the government with policy formulation and ensuring an investment and business-friendly environment, he assured.

“We believe that public-private joint venture will transform the country's economy and help accomplish the short-term and long-term goals,” he remarked. 

Commerce Minister Tipu Munshi acknowledged the various proposals and demands of the BASIS leaders and assured them any necessary assistance in implementing the logical demands and recommendations for the development of the ICT sector.

He said, “We are very optimistic about the way BASIS has come forward in making the declaration of product of the year a success and not just as a proclamation. Very soon, necessary actions will be taken in this regard with all the stakeholders.”

BASIS vice-president (Administration) Abu Daud Khan and vice-president (Finance) Fahim Ahmed were present at the meeting, among others.