With tax exemptions for the information technology (IT) and IT-enabled services sector ending after this fiscal year, ICT entrepreneurs are demanding the continuation of such incentives for seven more years to help build a ‘Smart Bangladesh’.
The government has developed three AI-based software promoting the Bengali language in the digital space, enabling users to convert Bengali text to speech and speech to text and extract text from images.
IT exports from Bangladesh : Information technology exports from Bangladesh dropped 4.4 percent in the first five months of the current fiscal year as the demand for software developers and products has fallen due to the lingering global economic slowdown.
IT exports from Bangladesh rose marginally in July but it failed to live up to expectations as the sector continues to underperform compared to its peers in the rapidly expanding technology market around the world.