Bobby Hajjaj said Bangladesh has significant potential for international investment in its technology sector.
State Minister for Primary and Mass Education Bobby Hajjaj. File Photo:Collected
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State Minister for Primary and Mass Education Bobby Hajjaj. File Photo:Collected
Various US artificial intelligence (AI) and semiconductor companies have expressed interest in investing more than $1 billion in Bangladesh, according to Primary and Mass Education State Minister Bobby Hajjaj.
The investment potential was discussed at a “CEO and Senior Executives Roundtable” held in East Palo Alto, California, yesterday (28 September), according to a press release issued by the state minister’s office today (29 September).
However, the statement from the state minister’s office did not specify which US companies had expressed interest in investing, the potential projects, the investment timeframe, or whether any formal agreements had been signed.
The discussion, titled “Technology Investment and Strategic Partnerships for Bangladesh’s Growth”, covered foreign investment in Bangladesh’s technology sector, technology transfer, innovation and long-term partnerships with global technology companies.
Bobby Hajjaj said Bangladesh has significant potential for international investment in its technology sector.
“Interest from US companies, particularly in AI and semiconductors, could create new economic opportunities for the country,” he said.
He stressed the importance of technology transfer, developing a skilled workforce, research and innovation, and creating an investment-friendly environment to turn the potential into actual investment.
The state minister said Bangladesh needs to keep pace with rapid changes in the global technology sector by combining skilled human resources, modern technology and international cooperation.
Investment in AI and data infrastructure, semiconductor technology and high-tech industries could help diversify the country’s economy and create new areas of employment, he added.
The roundtable also discussed AI and data infrastructure development, investment in the semiconductor industry, technology transfer, workforce development, research, innovation, trade expansion and strategic partnerships.
Participants also discussed identifying practical areas of cooperation with international companies to strengthen Bangladesh’s technological capabilities.
The Bangladesh delegation included Prime Minister’s Adviser on Finance and Planning Rashed Al Mahmud Titumir, Foreign Affairs State Minister Shama Obaed Islam, and Prime Minister’s Adviser on Posts, Telecommunications, Information Technology and Science and Technology Rehan Asif Asad.
The discussion was moderated by Shamim Mohammad, executive vice-president and chief information and technology officer of CarMax. Senior executives from the US technology sector also attended.
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