Article from end of last year but there is a lot of good information in there.
The industry expects exports to hit 20 billion US dollars by 2031 and they have a lot of success so far to back this up.
By the 2030s there is no reason that BD's IT industry cannot become as diverse as India's, although a lot less smaller.
PS - Remember exports are higher than 1.4 billion US dollars last year as a lot of free-lance work is not counted in this figure.
www.tbsnews.net
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With growing demand for information technology-enabled services and industry automation, Bangladesh IT firms have expanded their global footprint, fetching the country $1.4 billion annually by exporting software and other services.
More than 350 local firms are now exporting the IT products to around 80 countries including the US and the European Union countries, according to the Bangladesh Association of Software and Information Services (BASIS).
In 2019, the number of exporting firms was 250, as they had businesses to some 40 countries. Over the past couple of years, many of the firms have also established liaison offices abroad, including the USA and the UK, according to officials.
"We are aiming to reach the $5 billion export-mark by 2025 and $20 billion by 2031," Russell T Ahmed, president of Basis, told The Business Standard.
According to the Export Promotion Bureau, the growth of ICT exports was 23.63% in FY19, 22.86% in FY20, 9.88% in FY21, and 94.91% in FY22.
Infographic: TBS
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The industry expects exports to hit 20 billion US dollars by 2031 and they have a lot of success so far to back this up.
By the 2030s there is no reason that BD's IT industry cannot become as diverse as India's, although a lot less smaller.
PS - Remember exports are higher than 1.4 billion US dollars last year as a lot of free-lance work is not counted in this figure.
Eyeing $5b by 2025, local IT companies expand global footprint
They now export $1.4 billion per year to around 80 countries
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They now export $1.4 billion per year to around 80 countries
With growing demand for information technology-enabled services and industry automation, Bangladesh IT firms have expanded their global footprint, fetching the country $1.4 billion annually by exporting software and other services.
More than 350 local firms are now exporting the IT products to around 80 countries including the US and the European Union countries, according to the Bangladesh Association of Software and Information Services (BASIS).
In 2019, the number of exporting firms was 250, as they had businesses to some 40 countries. Over the past couple of years, many of the firms have also established liaison offices abroad, including the USA and the UK, according to officials.
"We are aiming to reach the $5 billion export-mark by 2025 and $20 billion by 2031," Russell T Ahmed, president of Basis, told The Business Standard.
According to the Export Promotion Bureau, the growth of ICT exports was 23.63% in FY19, 22.86% in FY20, 9.88% in FY21, and 94.91% in FY22.
Infographic: TBS
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