Bangladesh has experienced significant digitization over the past decade, surpassing many other countries. It has over 110 million active mobile internet connections and has witnessed exponential growth in eCommerce revenue. The country is projected to have an internet penetration rate of over 60% by 2026. Bangladesh also has the largest pool of IT freelancers, making it an attractive destination for meeting domestic IT needs and tapping into the global market. The government has played a crucial role in driving this transformation by creating a competitive policy-regulatory-incentive framework and embracing automation and digitization in its own operations.

The Bangladesh Bank is actively seeking bids for licensing Digital Banks, emphasizing its commitment to accelerating digitization. The nascent IT industry in Bangladesh is already exporting over $1 billion and is expected to grow significantly in the coming years. Dutch companies, in particular, have recognized the opportunities presented by Bangladesh’s digital landscape, with around one hundred of them establishing a presence in the country.

The startup scene in Bangladesh is vibrant and has been instrumental in driving innovation and growth, especially in sectors like fintech, e-commerce, health tech, and edtech. These startups have not only met domestic market needs but have also attracted international investors. 

To further strengthen the digital landscape and attract Dutch and European companies, the Bangladesh Minister for ICT will explore strategies for collaboration, investment, and knowledge sharing. This session will mostly highlight creating a thriving ecosystem by leveraging its digital prowess, young talent, and favorable policy environment.