In a significant move to bolster the digital economy, Bangladesh’s interim government has unveiled a comprehensive plan to enhance the Information and Communication Technology (ICT) sector in the fiscal year 2025–26. The proposed national budget includes a substantial allocation of Tk 2,144 crore for the ICT Division, reflecting a commitment to advancing technological innovation and entrepreneurship. A key highlight of the budget is the introduction of a Tk 100 crore startup fund aimed at nurturing new technology-based ventures. This initiative is designed to provide capital assistance and business training opportunities to promising startups, fostering a vibrant ecosystem for innovation. Finance Adviser Salehuddin Ahmed emphasized that this fund would encourage young entrepreneurs to contribute to the nation’s digital transformation. In addition to financial support, the government plans to implement tax relief measures for the ICT sector. These incentives are expected to attract investment, stimulate growth, and enhance competitiveness in the global market. The budget also proposes a Tk 200 crore allocation for scientific research activities, underscoring the importance of research and development in driving technological advancement. Education and skill development are central to the government’s ICT strategy. The budget outlines plan to install “ICTD Digital Labs” in 5,000 schools and establish “ICTD School of the Future” rooms in 300 colleges. These facilities aim to familiarize students with coding, robotics, and other emerging technologies, preparing them for the demands of the digital age. Furthermore, the government is taking steps to overhaul key policies and laws concerning ICT and telecommunications. The planned reforms, expected to be implemented by June–July 2025, aim to eliminate barriers to digital growth and create a supportive business environment. This policy overhaul is anticipated to foster stronger digital investments and accelerate the country’s transition to a knowledge-based economy. These initiatives come at a time when Bangladesh is poised to leverage its growing ICT sector as a catalyst for economic development. By investing in startups, education, research, and policy reform, the government is laying the groundwork for a robust and inclusive digital future. The proposed measures are expected to not only enhance the nation’s technological capabilities but also create employment opportunities and improve the quality of life for its citizens. As Bangladesh embarks on this ambitious journey, the collaborative efforts of the government, private sector, and civil society will be crucial in realizing the full potential of the ICT sector. With the right support and strategic direction, Bangladesh is well-positioned to emerge as a regional leader in digital innovation and entrepreneurship.
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