Bangladesh Hi-Tech Park

high-tech-park

Bangladesh Hi-Tech Park: A Game-Changer for Technology and Economy

Bangladesh Hi-Tech Park, a specialized economic zone dedicated to the technology industry, is a game-changer for the country’s economy. It has created a favorable environment for the growth and development of the technology sector, attracting foreign investment, generating employment opportunities, and driving innovation. This article provides a comprehensive overview of Bangladesh Hi-Tech Park, its history, facilities, benefits, and potential to become a leading destination for technology companies.

Key Takeaways

1. The Bangladesh Hi-Tech Park is a government initiative to boost the country’s technology industry and create a technology-driven economy.

2. The park provides infrastructure, facilities, and services for technology companies, including office space, high-speed internet, and access to a skilled workforce.

3. It focuses on research and development and encourages collaboration between companies and academic institutions.

4. The park is open to local and foreign investors and aims to attract foreign investment to Bangladesh’s technology industry.

History of Hi-Tech Parks In Bangladesh

Hi-tech parks in Bangladesh have become a milestone in the country’s developmental journey. The software technology park is a government-approved project to provide training, business support, and other services to companies operating in the Information and Communication Technology (ICT) sector. The idea of establishing hi-tech parks in Bangladesh was first conceived by Bangabandhu Sheikh Mujibur Rahman, the father of the nation, in 1974. After many years of construction, the country’s first hi-tech park, the Bangladesh Hi-Tech Park, was finally inaugurated in 2015. The primary goal was to create a state-of-the-art infrastructure for the technology industry and promote Bangladesh as a destination for IT outsourcing and offshoring services. The first hi-tech park was built in Janata Tower, Karwan Bazar, Dhaka, covering an area of 300,000 square feet. Many hi-tech parks nationwide offer services and facilities that match the digital era. These parks also help boost the technology sector, bringing foreign investment to the country.

Over the years, the government has established four more hi-tech parks in different parts of the country, including Kaliakair in Gazipur, Jessore, Barisal, and Rajshahi. The total area of the five hi-tech parks is around 246 acres, providing modern facilities and services to support the growth of technology companies.

Top posts from this ERP expert company:

SAP IMPLEMENTATION COMPANIES IN BANGLADESH

Bangabandhu Hi-Tech Park

Facilities and Benefits of Bangladesh Hi-Tech Park

Bangladesh Hi-Tech Park offers a range of attractive facilities and benefits to local and foreign technology companies. Some of the key features of the hi-tech parks are:

State-of-the-art infrastructure: Bangladesh Hi-Tech Park offers modern infrastructure, including high-speed internet, uninterrupted power supply, air conditioning, fire protection, and security systems.

Tax and duty benefits: Companies operating in the hi-tech park are exempted from paying value-added tax (VAT), customs duty, and income tax for the first ten years of operation. This incentive has encouraged many foreign companies to invest in Bangladesh’s technology industry.

Skilled workforce: The hi-tech parks provide skilled professionals, including engineers, software developers, designers, and technicians. The government has also established training programs and initiatives to develop the local workforce’s skills and bridge the skill gap.

Support services: Bangladesh Hi-Tech Park offers support services, including legal and regulatory assistance, marketing and business development, and access to financing.

Bangladesh Hi-Tech Park Authority

Bangladesh Hi-Tech Park Authority (BHTPA) (http://bhtpa.gov.bd/) is a government agency established to promote the development of the hi-tech industry in Bangladesh. The BHTPA provides the necessary infrastructure, legal framework, and incentives to attract local and foreign investments in the hi-tech sector. The authority’s main objective is to make Bangladesh a leading hi-tech economy by creating a conducive environment for technological innovation and entrepreneurship. The BHTPA manages several hi-tech parks scattered across the country, equipped with modern amenities and state-of-the-art facilities to support tech-based companies. These parks are a hub for research and development, software development, telecommunication, and IT-enabled services. The Bangladesh Hi-Tech Park Authority is pivotal in driving the country’s economic growth, creating job opportunities, and positioning Bangladesh as a major player in the global tech landscape.

Many companies are related to the Bangladesh Hi-Tech Park Authority, the organization responsible for developing and managing the country’s hi-tech parks. These companies are typically involved in technology and innovation by developing new products or services or providing solutions that enable more efficient communication and decision-making. Some companies closely linked to the Management Authority include tech startups, multinational corporations, and research institutions. By collaborating with these companies, the authority can promote investment in the park, attract skilled workers, and foster an environment conducive to innovation and growth. This can help accelerate economic development in Bangladesh and place the country at the forefront of the global hi-tech industry.

Park Location / Investment Location

Bangladesh Hi-Tech Park Authority is a government authority in Bangladesh established to create a Technological environment that attracts investment and technology transfer. The authority’s vision is to establish a world-class park as a hub for hi-tech and innovative companies. The park in Kaliakoir near Dhaka is named after Sheikh Mujibur Rahman, the founding father of Bangladesh or “Bangabandhu”. The project is expected to create employment opportunities for the young workforce of Bangladesh and increase the country’s export capacity in the high-tech sector. The carefully selected location for the park, which is close to the Dhaka-Chittagong highway, ensures that investors can access multiple transportation options. As a result, the Authority believes the park is the ideal location for investment in the country.

List of Hi-Tech Parks in Bangladesh

Several hi-tech parks in Bangladesh promote innovation and facilitate technology-based businesses. Bangladesh’s hi-tech parks include several emerging and established parks, such as the Bangabandhu Hi-Tech Park, Kaliakoir Hi-Tech Park, and Janata Tower Software Technology Park. These parks have state-of-the-art facilities, including IT infrastructure, high-speed internet connectivity, and advanced security measures. Along with these facilities, these parks offer a favourable business environment by providing land and office spaces, training and development programs, and financial support for startups. These hi-tech parks are integral to the government’s vision to promote a technology-driven economy through innovation, research, and development. They also play a vital role in creating job opportunities and contributing to the country’s economic growth.

Bangladesh has five Hi-Tech Parks, all managed by the Authority under the Ministry of Information and Communication Technology.

  1. Janata Tower Hi-Tech Park: Located in Karwan Bazar, Dhaka, this was the first established in Bangladesh. It covers an area of 300,000 square feet.
  2. Bangabandhu Hi-Tech City: This Hi-Tech Park is located in Kaliakair, Gazipur, and covers an area of 209 acres.
  3. Sheikh Hasina Software Technology Park: Located in Jessore, this Hi-Tech Park covers an area of 47 acres.
  4. Sheikh Kamal IT Training and Incubation Center: This Hi-Tech Park is located in Barisal and covers an area of 0.5 acres.
  5. Rajshahi IT Incubation Center: Located in Rajshahi, this Hi-Tech Park covers an area of 0.5 acres.

Each of these Hi-Tech Parks offers modern facilities.

BHTPAExecutive Team & Key Decision Makers

The BHTP Authority is a government organization responsible for managing a high-tech industrial park in the country. The authority is run by an executive team that includes key decision-makers responsible for making important decisions regarding the park’s development and the businesses that operate within it. To contact the executive team, individuals can reach out via email or other means of contact. As Bangladesh diversifies its economy and embraces technology, the platform authority is critical in fostering innovation and entrepreneurship. Its success will depend largely on the decisions made by the executive team and the ability to attract top-tier companies to the park. Overall, the Authority is an important player in the country’s technology landscape and will likely continue to be a key driver of economic growth in the future.

Contact Bangladesh Hi-Tech Park Authority (BHTPA)

If you need to contact the Bangladesh Hi-Tech Park Authority (BHTPA), you can do so through their official website or by visiting their office in Bangladesh. The BHTPA is responsible for developing and managing Hi-Tech Parks in Bangladesh and is a key player in promoting the country’s IT industry. The authority supports and provides services to companies operating within the parks, including state-of-the-art infrastructure, access to global markets, and a business-friendly environment. With its focus on technology and innovation, the BHTPA is helping position Bangladesh as a hub for hi-tech industries and contributing to the country’s economic growth and development. If you want to learn more about the BHTPA and its role in Bangladesh’s hi-tech sector, visit their official website or contact their representatives.

Vision and Mission of BHTPA

The Bangladesh Hi-Tech Park is a leading technological hub that aims to bring about a significant change in the tech industry of Bangladesh. The park’s vision is to transform Bangladesh into a technology-based economy that fosters innovation and creates a sustainable ecosystem for the tech industry’s growth. Its mission is to provide world-class infrastructure and support services to businesses, incubate startups and facilitate research and development activities. Bangladesh Hi-Tech Park aims to build a strong and competitive tech industry that can address both local and global challenges and contribute to the country’s economic growth. With its state-of-the-art facilities and a highly talented workforce, the park is poised to achieve its vision and mission and become a significant contributor to the digital transformation of Bangladesh.

Job Opportunities in Bangladesh Hi-Tech Park

It has created many job opportunities for the country’s people. The park is home to several multinational companies, such as Samsung, Intel, and Nokia, which has boosted the demand for skilled professionals in the tech industry, resulting in a significant rise in job opportunities. In addition to the multinational companies, the hi-tech park has also set up local companies, start-ups, and entrepreneurs in the various fields of technology. This has led to diverse job opportunities, ranging from software engineers, data analysts, and content developers to robotic engineers, designers, and marketers. The park has played a crucial role in employment generation by providing job opportunities for thousands of young professionals and contributing to the country’s economic growth.

Authority projects

The Bangladesh Hi-Tech Park Authority is responsible for developing and managing hi-tech parks in the country. The organization has undertaken several projects in recent years to promote entrepreneurship and innovation in the tech industry. The Dhaka Hi-Tech Park project has attracted several global companies, including Microsoft, Samsung, and Intel. The park offers state-of-the-art facilities, including modern infrastructure, manpower development, and technology support. The Authority also expands its reach beyond the capital city with projects like the Jessore Hi-Tech Park and the Bangabandhu Sheikh Mujib Hi-Tech Park in Rajshahi. These initiatives aim to create a favorable environment that attracts domestic and foreign investment, boosts employment opportunities, and promotes economic growth. With the increasing demand for technology, the projects undertaken by the Bangladesh Hi-Tech Park Authority are expected to play a significant role in the country’s development and transformation into a tech-savvy economy. authority act 2010

The Bangladesh Hi-Tech Park Authority Act of 2010 was introduced to develop and establish state-of-the-art technology parks in the country. The act provides a framework for establishing, managing, and operating hi-tech parks in Bangladesh to promote the developing and growing the country’s ICT industry. The act outlines the functions and responsibilities of the Bangladesh Hi-Tech Park Authority and the rights and duties of the tenants and investors operating within the authority’s jurisdiction. The act also provides incentives and benefits to park tenants and investors to encourage innovation and entrepreneurship in the ICT sector. As Bangladesh continues to pursue economic development, implementing the Authority Act is seen as a positive step toward achieving the country’s goals.

Bangladesh Hi-Tech Park Authority address

Bangladesh Hi-Tech Park Authority is a government organization established to promote and facilitate the growth of the technology industry in Bangladesh. The authority is located at Block-E, Level-2, ICT Tower, Agargaon, Sher-e-Bangla Nagar, Dhaka-1207. The park provides infrastructure and technological support to start-ups and established companies in the ICT sector. It also facilitates access to funding, training, and networking opportunities. The Bangladesh Hi-Tech Park Authority aims to create a vibrant ecosystem for technology innovation and attract foreign investment to the country. The authority has established four hi-tech parks in different regions of Bangladesh, and more are under construction. The ultimate goal is to position Bangladesh as a leading destination for technology and digital innovation.

Bangladesh Hi-Tech Park training program 2022

The Bangladesh Hi-Tech Park Training Program 2022 is an initiative by the country’s government to enhance the skills and capabilities of individuals in the technology field. This esteemed program offers training courses for individuals from diverse backgrounds and experiences, including students, recent graduates, and professionals. With a focus on enhancing digital literacy, the program aims to equip individuals with the latest knowledge and developments in technology. Participants can learn cutting-edge technologies through this training, including Artificial Intelligence (AI), Machine Learning (ML), and Data Science. The program’s primary goal is to build a skilled workforce in the Hi-Tech industry, contributing to the country’s economic growth and development. Overall, the Bangladesh Hi-Tech Park Training Program 2022 provides an excellent opportunity for individuals to upgrade their skills and competencies and gain a competitive edge in the technology industry.

What are Authority’s primary industries?

The Bangladesh Hi-Tech Park Authority was established to promote and support the development of technology-based industries in the country. Its primary focus is on the IT and ICT sectors, which include software and hardware development, IT-enabled services, digital marketing, and e-commerce. The authority is also keen on developing electronics manufacturing and creative industries such as animation, multimedia, and gaming. The government has set up several hi-tech parks nationwide to create a favorable environment for these industries, offering tax holidays, reduced utility rates, and modern infrastructure. The authority focuses on attracting local and foreign investors to invest in the country’s hi-tech industries to contribute to economic growth and development by creating jobs and boosting exports.

Where is the Bangladesh Hi-Tech Park Authority headquarters located?

Bangladesh Hi-Tech Park Authority’s headquarters are in Dhaka, the capital of Bangladesh. The park is spread over a vast area and is located at Kaliakoir, a sub-district situated approximately 40 kilometers away from Dhaka. The park aims to create a world-class technological facility and ecosystem in Bangladesh where tech-based companies can grow and prosper. Bangladesh Hi-Tech Park Authority is responsible for developing, managing, and promoting the park. It also provides various support services to the companies operating within the premises. The headquarters of this authority serves as the central hub for all decision-making and administration-related activities. The park aims to create an environment where local and foreign companies can operate easily and contribute to the growth of the country’s economy.

Conclusion

Bangladesh Hi-Tech Park has transformed the technology landscape of the country and created a favorable environment for the growth of the technology industry. The state-of-the-art infrastructure, tax and duty benefits, skilled workforce, and support services provided by the hi-tech parks have attracted many foreign companies to invest in Bangladesh’s technology sector. With the government’s continued efforts to promote the technology industry and the country’s vast potential in this field, It has the potential to become a leading destination for technology companies in Asia.

FAQ

What is the Bangladesh Hi-Tech Park?

The Bangladesh Hi-Tech Park is a government initiative to boost the country’s technology industry and create a technology-driven economy. It provides infrastructure, facilities, and services for technology companies, including office space, high-speed internet, and access to a skilled workforce.

What is the focus of the Bangladesh Hi-Tech Park?

The park focuses on research and development, encouraging collaboration between companies and academic institutions.

How does the Bangladesh Hi-Tech Park contribute to the country’s economic growth?

The park is expected to create thousands of new jobs and contribute significantly to the country’s economic growth by boosting the technology industry.

What kind of companies can operate within the Bangladesh Hi-Tech Park?

The park is open to companies of various sizes and stages, including startups, SMEs, and large corporations.

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

blog add mobile

Social Media

blog add mobile

Most Popular

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.

Quick links

On Key

Related Posts

sap

SAP Business One Key Features

Are you contemplating the adoption of ERP SAP Business One key feature for your small or medium-sized firm? You’ll be delighted to know that this