What's new

Joy expects ICT exports to soon exceed RMG earnings

Black_cats

ELITE MEMBER
Joined
Dec 31, 2010
Messages
10,031
Reaction score
-5
Joy expects ICT exports to soon exceed RMG earnings

https://www.bssnews.net/?p=334653


DHAKA, Jan 16, 2020 (BSS) – Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy today predicted the ICT exports to exceed “within a short time” the amount earned by the readymade garments (RMG) sector, currently the highest foreign currency earner.

“Today on record officially, Bangladesh’s IT export exceeded US$1 billion . . . I believe within a very short time, we will cross our garments export through technology export,” he told the inaugural ceremony of a three-day Digital Bangladesh Fair at Bangabandhu International Conference Centre (BICC) hall here.

Joy, however, said it was difficult to assess the actual volume of ICT exports as most of the export-bound services in the sector were made through the internet.

“(But) we believe that there is at least another one or two billion US dollars in export that is happening through the internet that is not being tracked,” he said.

Joy added that the scenario reflected that the ICT sector was very well on its way to catch the garments industry as Bangladesh was exporting hardware as well that included mobile phones, televisions and smart devices and “the exports were growing very rapidly and exponentially”.

The PM’s adviser said some of the progresses in the sector could not been imagined even a decade ago when Bangladesh used to import all mobile phones.

He said once upon a time “we used to import 30 million mobile phones in a year (while) today 20 million of those mobile phones are produced in Bangladesh”.

Posts and Telecommunications Minister Mustafa Jabbar chaired the function also addressed by ministry’s parliamentary standing committee chairman AKM Rahmatullah, secretary Nur-ur Rahman and China-based Huawei Technologies (Bangladesh) Ltd CEO Zhang Zhengjun.

Joy said the mobile phone operators earlier could not launch 3-G or 4-G technologies in the country before because of the lack of technological supports like fiber optic backbone and user demands.

“Our Awami League government, the way we preceded to look at each problem, we thought if we have to make something a reality, we will have to find solutions to the problem and by solving the problem we could help the country progress,” he said.

Bangladesh then, he said, started producing analogue mobile phones to provide the device to people at low cost so everybody could afford to buy a mobile phone.

“We (then) started producing smart phones within Bangladesh. Because of 4-G you need smart phones and foreign smart phones were expensive,” Joy said adding that today Bangladesh was not only producing smart phones to meet the domestic demand but also exporting the devices to rest of the world including the United States of America (USA).

“It makes me very proud to learn that.”

Joy-2.jpg


Joy said the joint venture mobile phone companies, including Samsung, are maintaining higher quality in producing mobile phone in Bangladesh compared to many other countries like the Philippines.

“Samsung is offering longer exchange warranty on smart phones being produced and exported from Bangladesh than the same phones from the Philippines,” he said.

The PM’s adviser said: “That is why I am very hopeful. Today I believe anything is possible in Bangladesh.”

Joy also expressed his hope that the country will roll out 5G technologies along with the rest of the world.

“The Awami League government pledged to launch 5G within this term. We launched 3G in our first term and 4G in second term,” he said.

The PM’s adviser said today the world is undergoing through the 4th industrial revolution, moving from an industrial age of manufacturing to a knowledge-based industry, knowledge-based products and services.

“And our goal is that Bangladesh will be part of that revolution,” he said.

Joy said the Awami League government had pledged to transform Bangladesh into a middle income country and “within our previous term, we actually met all of the United Nations and the World Bank criteria to gradate to a middle income country,” he said.

“We are middle income country now and we are just waiting for the official certification,” he added.

He said today Bangladesh is one of the largest consumers market in the world and this has been the result of the country’s growing middle class over the last 11 years.

Bangladesh is becoming also one of the largest consumers of technology and data, he said adding that the volume of data that is being used today is much higher than that of 11 years ago. The volume of data use will reach skyrocket within next 5 to 10 years, he added.

Today, Bangladesh is a pioneer in digital governance as every service is being digitized in the country, he said adding that “We have a complete plan to make 100 percent digitization of the governance and we are very well on our way,” he said.

Sharing his experience in the USA, he said Bangladeshi national ID (smart card) is far more advanced than any ID of the USA.

A total of 82 firms, including ISPs, are showcasing broadband internet, triple play technology (land phone, internet and cable TV connection in single cable), mobile apps, parental control and other technologies.

Different ministries, divisions and departments of government are highlighting their progress in the field of digitization in some 25 stalls, 29 mini pavilions and 28 pavilions set up in the fair.

In addition, the fair had a separate corner for Bangabandhu, where life of the Father of the Nation Sheikh Mujibur Rahman is being portrayed through digital technology.
 
. .
Joy needs to hold his horses.

IT exports have just crossed 1 billion US dollars officially and garments is in excess of 30 billion US dollars.
Getting to 5 billion US dollars official in 10 years time would be decent - anything more would be a bonus.


PS - Joy is correct that IT sector will become MASSIVE in BD over this decade.
 
Last edited:
.
He is being overly optimistic. It's not that easy to go from $1 billion to $5 billion.
Companies in Bangladesh will have to make a case to the outsourcing companies that they can provide equal or better service comparing to the established providers. This is never an easy task.
However I will quote a Chinese proverb that a journey of a thousand miles starts with the first step.
 
.

Latest posts

Pakistan Affairs Latest Posts

Country Latest Posts

Back
Top Bottom