PM sees semiconductor industry as next growth engine after RMG
en.bonikbarta.com Jul 25, 2026

PM sees semiconductor industry as next growth engine after RMG

AI-summarised brief · reviewed before publication

Prime Minister Tarique Rahman declared the semiconductor industry Bangladesh’s next major economic growth engine following the ready-made garment sector. Speaking at the National Semiconductor Symposium and BEAR Summit-2026, he outlined a comprehensive government plan to foster a business-friendly environment for this critical technology sector. Rahman emphasized that semiconductors are foundational to modern civilization, essential for artificial intelligence, robotics, and renewable energy. He projected the global market to reach nearly $1 trillion by 2026, asserting Bangladesh can achieve targeted export earnings from this sector by 2030. The government has designated the industry a national priority, requiring collective effort from ministries, universities, and expatriates. To support this transition, the current budget withdraws all taxes and duties on semiconductor raw materials. Additionally, cash incentives for design service exports have been introduced, alongside annual startup grants of BDT 50 million for young entrepreneurs, aiming to build a self-reliant, technology-driven nation.

💡 Why It Matters

  • · This strategic pivot attempts to diversify Bangladesh’s economy beyond traditional manufacturing by targeting high-value tech sectors.
  • · The specific fiscal incentives and startup funding signal a concrete commitment to capturing a share of the trillion-dollar global chip market.