Lack of necessary infrastructure and skills need to be addressed to develop the information and communication technology (ICT) sector in the country.
To this end, ICT R&D (research and development) investment, updated IT training courses considering the fourth industrial revolution (4IR) and ICT startup funds are required.
Export of telecommunication and information services was US$ 550 million in fiscal year (FY) 2018-19. Outsourcing sector has a huge market potential of US$ 500 billion worth global market.
These were viewed on Saturday at a press briefing on “Current State and Future Outlook of Bangladesh Economy: Private Sector Perspective” organised by Dhaka Chamber of Commerce and Industry (DCCI).
DCCI President Osama Taseer shared a paper with the journalists in this connection.
The president highlighted the brief state of Bangladesh economy encompassing performance of fiscal policy, monetary policy and macro-economic factors like inflation, private investment, international trade and employment situation to identify the state of private sector considering the private sector as the catalyst of the economic growth journey.
This presentation also included the current state and challenges of agriculture sector, leading industrial sector like readymade garment, leather, pharmaceutical, energy and power sector and leading service sector like banking and capital market.
He provided some policy recommendations to minimise the likely challenges of private sector for sustaining the economic growth.