The Pulse Today
BREAKING
Sajib Pledges Aid for 50,000 Flood-Affected People in SonargaonMP Azharul Islam Mannan Distributes Relief Funds to Needy Families in SonargaonParliament Proposes Anti-Gambling Bill with Maximum 7-Year Prison PenaltyOpenAI Unveils 'Schedule' Feature to Boost Task Management in AI ChatbotPrime Minister Tareq Rahman Arrives in Dalian, China for Economic ForumEurope Confronts Intense Heatwave; Conditions Predicted to DeteriorateGold Prices Rise Again in Bangladesh Amid Global Market IncreaseSpaceX's Nasdaq Debut Values Company at Over $2 Trillion, Surpassing AmazonStudy Reveals AI Data Centers Contribute to Local Temperature IncreasesNarayanganj BNP Youth Wing Holds Rally to Welcome New Central CommitteeUnprecedented Pacific Cyclone Train Driven by Historic El Niño EventGeorge Lucas Opens Museum of Narrative Art in Los AngelesBen Stokes to Open Batting for Adelaide Strikers in Upcoming Big Bash LeagueSabalenka Secures US Open Third Round Spot with Commanding PerformanceBelgium Opposes EU Plan to Seize Frozen Russian Assets for Ukraine AidPsychiatrist Augusto Cury Gains Momentum in Brazil's Presidential ElectionMinneapolis Gunfire: Two Fatalities and Multiple Injuries ReportedTrump Suggests Renaming Strait of Hormuz to 'Trump Strait' Amid Rising US-Iran TensionsEU Proposes Sanctions Following Drone Incident in Germany Deemed State-SponsoredWall Street Stocks Surge Despite Volatility in Bond Yields and Oil PricesXi Jinping Calls for Middle East Unity Against External Interference in Rare Egypt VisitUS Judge Denies Government's Attempt to Dismantle Google's Ad BusinessMirza Abbas, BNP Leader and PM's Political Adviser, Returns Home After Five Months AbroadBangladesh Agri Minister Confirms Sufficient Fertilizer Stock Amid Supply ConcernsNvidia CEO Jensen Huang Urges G20 Ministers to Invest in AI Infrastructure

Bangladesh Targets Transition from Labor-Intensive to Innovation-Driven Economy

The government is committed to transforming Bangladesh into a knowledge and innovation-driven economy by developing high-tech sectors.

By Staff Correspondent
Share
Govt working to transform Bangladesh into innovation-driven economy: Faqir Mahbub | News
BSS

Science and Technology Minister Faqir Mahbub Anam announced today that the government is actively working to transition Bangladesh from a labor-driven economy to a knowledge and innovation-driven one. He emphasized the development of high-tech sectors such as artificial intelligence (AI), advanced chip design, and bioelectronics to achieve this goal.

Government Support for High-Tech Sectors

Faqir Mahbub, who is also the Posts, Telecommunications and Information Technology minister, made these remarks while addressing the 'Bangladesh Deep-Tech Future' discussion on the second day of the National Semiconductor Symposium and BEAR Summit 2026 at the Novo Theatre in Tejgaon. He assured continued government support for the semiconductor and deep-tech sectors, highlighting the potential of Bangladesh's youth to lead these industries with innovation, research, and policy backing.

Global Collaboration and Business-Friendly Environment

The minister called for the importance of the 'Made in Bangladesh' brand in the innovation and export of technology products and services. He noted that the BEAR Summit demonstrated global collaboration, with leading technology companies, universities, industry leaders, expatriate Bangladeshis, and experts joining the country's efforts. Faqir Mahbub assured business leaders of the government's business-friendly stance, promising to create opportunities and accelerate technological advancement.

Source: BSS

Topics

Comments

More in Economy

See all →

Latest stories