The Bangladesh Semiconductor Industry Association (BSIA) in a statement has expressed its appreciations for the recently published recommendations by the National Semiconductor Taskforce, constituted under the Chief Adviser’s Office.
The initiative marks a significant step forward in shaping a national strategy for establishing Bangladesh as a credible player in the global semiconductor value chain.
BSIA applauds the inclusive and forward-thinking approach taken by the Taskforce- bringing together government policymakers, academia, industry representatives, and non-resident Bangladeshi experts to define a roadmap that aligns with the country’s demographic strengths and emerging capabilities in chip design and testing.
In the statement, BSIA President Abdul Jabbar said in this regard that "BSIA remains fully committed to supporting the Government and all stakeholders in realizing the national ambition for a vibrant semiconductor ecosystem. We extend our sincere thanks to the Taskforce for their hard work and to the media for highlighting this promising development. "
“We are pleased to note that several key recommendations earlier submitted by BSIA have been duly addressed and incorporated into the Taskforce report, reflecting a shared vision for the growth of this strategic sector”, said the Secretary of BSIA.
He said the BSIA is particularly encouraged by the Taskforce’s recommendations like progressive tax exemptions for up to 10 years set up with certain guidelines for R&D and assembly and packaging factories in Bangladesh, setting-up a “semiconductor fund” to provide venture capital support or term-financing to new initiative, proposals for skills development through tiered certifications, lab infrastructure, and university-industry collaboration etc.
BSIA also urged for the reconsideration of a few additional incentives that could significantly enhance the sector’s momentum. Specifically cash incentives on export earnings, similar to those offered in other priority sectors, which would highly encourage investors to grow and sustain their business.
