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Bangladesh to earn $5b from the ICT sector by 2025, Palak hopes
- By Efazul Karim -- 6 minutes read --
- Jun 23, 23
" Empowering Economic Growth: Bangladesh's ICT Sector on the Path to $5 Billion in Exports and 2.5 Million Jobs by 2025 "
Zunaid Ahmed Palak, state minister for information and communication technology (ICT), has stated that the country's ICT sector will generate $5 billion in export earnings and create millions of jobs by 2025.
The ICT sector of the country has already employed 2 million young people, according to him, and over the next two years, it will generate $5.0 billion in revenue and employ more than 2.5 million people.
The minister made the remarks while participating in a discussion on the thanksgiving motion for the president. According to BSS's speech at the Jatiya Sangsad here on Wednesday, with Speaker Dr. Shirin Sharmin Chaudhury in the chair, lawmakers highlighted various development activities under Prime Minister Sheikh Hasina's leadership in sectors such as communication, socioeconomics, education, youth, sports, and information and communication technology (ICT). The minister also noted the role of information and communication technology (ICT) in stimulating economic development, as it is one of the few industries that can provide good employment opportunities to a large number of people. This will bring economical balance with vast profit and increase the ability to export. Zunaid Ahmed Palak believes that under Prime Minister Sheikh Hasina's leadership, the ICT sector can be developed to meet even higher standards Zunaid Ahmed Palak believes that the ICT sector is a source of immense potential for Bangladesh, and he stated that with the right support, and guidance, it could be a major contributor to economic growth. Information and communication technology (ICT) is a rapidly growing field and is expected to play a major role in employment generation. The increasing demand for technology and the growth of the digital economy have created many job opportunities in fields such as software development, data analysis, cybersecurity, and digital marketing. Additionally, the widespread adoption of technology in various industries such as healthcare, education, and manufacturing is also driving job growth in these sectors. As technology continues to evolve and become more integrated into our daily lives, it is likely that the demand for ICT professionals will continue to increase. Economic growth is usually accompanied by an increase in the standard of living and a decrease in unemployment. It can be driven by factors such as technological innovation, increased productivity, and population growth. Policies such as investment in education and infrastructure, reduction of government regulation, and protection of property rights can also promote economic growth. That’s why this ICT sector could be a trump card for the Bangladeshi economy.
The President focused on the country's massive successes in various sectors in his 168-page speech on January 5th, the first day of the 11th Parliament's maiden session in 2023.
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