The Bangladesh Hi-Tech Park Authority (BHTPA), established in 2010, was created to position Bangladesh as a global leader in information and communication technology (ICT). Yet, over a decade later, BHTPA’s anticipated success has been limited. Despite efforts to foster technological growth, the initiative has been hampered by infrastructural and logistical challenges that have hindered its impact. Addressing these issues through strategic interventions could unlock BHTPA’s full potential and allow it to drive significant economic progress.
Infrastructure Challenges
One of the most pressing issues is the inadequate infrastructure within the hi-tech parks themselves. Many parks suffer from unreliable internet connectivity, inconsistent power supply, and a lack of basic amenities—factors that make it difficult for technology companies to operate efficiently. These shortcomings deter potential investors and entrepreneurs from setting up operations in these areas. Moreover, delays in construction and red tape have further hindered infrastructure development, creating a less-than-optimal environment for growth.
Streamlining project management and minimizing bureaucratic inefficiencies are crucial steps to overcome these obstacles. Public-private partnerships (PPP) could also help accelerate infrastructure projects, drawing on private-sector expertise to expedite processes and ensure timely completion.
Location and Accessibility
The remote locations of many hi-tech parks, such as the Kaliakoir park outside Dhaka, present additional barriers. Attracting skilled professionals to these areas is challenging without nearby civic amenities or efficient transport links. An ideal solution would involve building surrounding townships or establishing efficient transportation connections to urban centers. Enhanced connectivity would make relocation more appealing for tech talent, ultimately fostering a thriving tech ecosystem.
Skill Development and Industry Collaboration
Bangladesh’s ICT sector faces a significant shortage of skilled professionals, particularly in advanced areas like artificial intelligence, blockchain, and cybersecurity. Although there is a large pool of young talent, a skills gap exists between what the industry requires and what is currently available. This shortage has discouraged multinational companies from investing in BHTPA’s parks.
Greater collaboration between universities and the ICT industry could help bridge this skills gap. Internship programs, industry-led courses, and research opportunities would give students practical experience and prepare them for industry demands. Additionally, BHTPA could support skill development by including emerging technologies in academic curricula and encouraging research and development within the parks through tax breaks and subsidies.
Attracting Investment and Reducing Bureaucracy
BHTPA’s objective is to attract local and international investment to spur technological innovation, but limited venture capital, conservative financial institutions, and bureaucratic challenges have created obstacles. Simplifying regulatory processes—such as licenses and permits—and introducing a “one-stop service” for tech companies would reduce bureaucratic delays and encourage business activity within the parks.
The development of a venture capital ecosystem focused on technology could further support startups and high-tech businesses. BHTPA could collaborate with financial institutions to ease access to credit and provide incentives, grants, and seed funding to promising technology ventures.
Promoting Bangladesh as a Technology Hub
Another significant challenge is BHTPA’s limited promotional efforts. Many potential investors remain unaware of the opportunities in Bangladesh’s hi-tech parks. A concerted marketing campaign could position Bangladesh as an attractive destination for technology investment, leveraging the country’s young workforce, strategic location, and growing infrastructure.
Highlighting successful case studies of companies operating in the parks and working with trade bodies and embassies to promote Bangladesh globally could help boost credibility and attract investment. Compared to regional competitors like India and Vietnam, Bangladesh has struggled to establish itself as a tech investment hub due to its complex political environment and limited promotional efforts.
Moving Forward
Despite the current challenges, the BHTPA’s vision for an ICT-driven economy in Bangladesh remains achievable. By improving infrastructure, developing talent, simplifying regulations, and enhancing promotion, BHTPA can foster a thriving tech sector and help position Bangladesh as a global technology hub. In the long run, fostering innovation and entrepreneurship will be key to realizing the country’s vision for a dynamic ICT ecosystem.
