Export of Software from Bangladesh

In: Business and Management

Submitted By ashif0171
Words 1844
Pages 8
EXPORT OF SOFTWARE

INTORDUCTION

During the late 90’s, Bangladesh has seen an increasing growth of the ICT industry. Initially, the favorable tax policy of the government of Bangladesh in 1998 accompanied by the global affordability of personal computers have had tremendous impact on the usage of computer. The favorable import tax policy on computers and computer accessories during that time was one of the timely steps taken by the government of Bangladesh. From then on, in accordance with the global trends, both private and public sectors in Bangladesh caught up with effective utilization of information technology. Information Technology is the combination of all activities relating to collecting, processing, storing, using and transmitting data and information through the use of computers and communication networks. The computer services are of the following major types:

SIZE OF SOFTWARE INDUSTRY IN BANGLADESH

According to the Bangladesh Bank source, export earnings from Software and ITES was
USD 27.01 million in the fiscal year 2005-06 registering a high growth of 113 per cent from the previous year (2004-05). The following chart shows the Bangladesh software and ITES export earning for last five years.

Table 1: Export earning of Bangladeshi software in recent 4 years

EXPORT ORIENTED COMPANIES IN BANGLDESH

In recent days many local and Joint Venture Company are operating in Bangladesh to meet the rising demand of the software and automation industry. The following companies are playing the key role in export performance.

IBCS-PRIMAX SOFTWARE LIMITED was recognized as an export oriented Software House and governmentally financed at a concessional interest rate.

NORTH AMERICAN COMPUTING DYNAMICS was recognized as a 100 % export oriented Data Processing Service House. A bonded warehouse facility was…...

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