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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.


Bangladesh Has Niche in IT Sector, Says PM抯 Son

Friday, June 06, 2014 > 14:22:02

(India West - Richard Springer)

Santa Clara, California - Sajeeb A. Wazed, the son of and the advisor to current Prime Minister of Bangladesh Sheikh Hasina Wazed, led a “U.S.-Bangladesh Tech Investment Summit” panel at the TiE-Silicon Valley conference here May 16-17 that highlighted investment opportunities in Bangladesh.

The country “can’t compete with India in software development,” Wazed, president of Annandale, Va.-based Wazed Consulting, Inc., admitted, but “we have a niche in the IT sector.”

The Virginia-based consultant, the founder of the Digital Bangladesh Initiative, said that niche includes “Web development, graphic design and mobile applications,” such as games and other apps.

Bangladesh is also able to provide “customized application development and support,” said Wazed, also known as Sajeeb Wazed Joy, who was selected in 2007 by the World Economic Forum as one of 250 Young Global Leaders.

He was introduced at TiEcon by P.K. Agarwal, CEO of TiE Global and the former chief technology officer of the state of California.

Agarwal said Bangladesh is “the next economic giant, with a “smart work force” and a government that “gets IT.”

“The Bangladesh story needs to be told,” the Indian American added.

Wazed said Bangladesh has more than 30 million students currently pursuing degrees in higher education and more than 1,000 software and IT companies. IT exports have grown 6.5 percent “year-on-year in the last five years” and there is “zero corporate tax on IT,” he added.

The country has nearly 100 percent of its children receiving at least a primary education and its poverty rate has decreased over the last five years, Wazed pointed out.

“Dhaka is where Bangalore was 20 years ago” as a potential hub for IT, the prime minister’s son said, adding that a high-tech park is currently being built just outside the city.

Bangladesh state Minister of Posts, Telecommunications and Information and Communications Technology Zunaid Ahmed Palak also gave a presentation during the panel discussion.   

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