Joy hopes IT export to exceed RMG earnings soon

However, he said, as most IT services are internet based and exports are happening over the internet, it is impossible to track the true volume

Prime Minister’s ICT Affairs Adviser Sajeeb Wazed Joy on Thursday expressed his optimism that the export of country’s IT and technology sector will exceed earnings from garments sector within very short time as the sector is growing very rapidly.

“Today on the record officially, Bangladesh’s IT export exceed $1 billion. . . I believe within a very short time, we will cross our garments export through technology export,” he told the inaugural ceremony of a three-day Digital Bangladesh Mela at BICC hall here.

However, he said, as most IT services are internet based and exports are happening over the internet, it is impossible to track the true volume.

“We believe that there is at least another billion or two billion US dollars in export that is happening unofficially through the internet that is not being tracked. So, we are very well on our way to catch out garments industry in terms of our IT services” he said.

Joy also expressed his hope that the country will roll out 5-G technologies with the rest of the world.

““We are heading to 5G. And numbers of national and international organizations are also working with the same vision. We need to utilize their competency to get the most benefit. For example, Huawei is one of those international organizations who are playing an important role in 5G expansion all over the world with largest number of 5G patents. In 2018, we demonstrated a 5G trial with Huawei. Now they have come with 5G show and the people are going to experience 5G for the first time in Bangladesh through this digital fair”.

The government is scheduled to launch the commercial use of 5G internet in the early 2021.The Bangladesh Telecommunication Regulatory Commission is planning to hold the 5G spectrum auction at the end of the current year that will increase the government earning significantly.

The government has earned Tk5,268.51 crore from 4G spectrum auction and Tk4,450.83 crore for 3G spectrum. Industry people look forward to an increased investment for the upcoming 5G technology.

Chaired by Posts and Telecommunications Minister Mustafa Jabbar, the function was addressed by Chairman of Parliamentary Standing Committee on Posts, Telecommunication and Information Technology AKM Rahmatullah, Huawei Technologies (Bangladesh) Ltd CEO Zhang Zhengjun and Posts and Telecommunications Secretary Nur-ur Rahman.