Special Government policies for IT industry in Bangladesh
Managing Director, The Computers Limited (TCL)
Secretary General, Bangladesh Association of Software and
Information Services (BASIS)
- IT (Information Technology) declared a thrust sector
- Government speedily implementing the 45 recommendations of JRC high
powered committee for IT industry
- Waiver of all taxes and duties from import of computer hardware and
software thus increasing affordability and proliferation of PC use in
general, a prerequisite for the IT powerhouse that Bangladesh of 140 million
people with more than 30 million Science graduates wishes to become
- Tax holiday for Software and IT services companies
- Export over internet or other electronic media recognized under sales
contract or agreement without any need for any LCs
- Simplified tax free export earning remittance procedures with 40%
retention in foreign currency
- Special funds allocated by government for extending collateral free loans
to IT entrepreneurs
- 100% remittance of profit and capital gains for foreign investors
- Deregulation of process of acquisition and use of VSAT to facilitate
faster, cheaper and higher bandwidth connection and to encourage more
widespread internet use than that being provided currently by 20 or so
Internet Service Providers (ISPs)
- Telegraph and Telephone Department’s implementation of DDN (Digital Data
Network) as incountry high speed (upto 2 Mbps) surface link in Dhaka and
four other major cities of Bangladesh.
- Decision to link to global highway through submarine cable link by next
two years.
- Intellectual Property Rights law approved by President. Expected to be
enacted in the next Parliamentary session.
- Government’s decision for IT village within Dhaka and High Tech Park on
the outskirts of Dhaka on 47 and 264 acres of land respectively already
earmarked.
- Government sponsoring marketing missions abroad to help propagate
Bangladesh’s positive image abroad.
- Government very supportive of Private Sector’s initiative and closely
works with industry associations such as BASIS and BCS.
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