Industries Minister Nurul Majid Mahmud Humayun said the current world is going through technological transformation. Technology has been evolving at an infinite pace over the past few decades and is profoundly affecting the global economy.
As important elements of the Fourth Industrial Revolution (4IR), such as artificial intelligence, robots, the Internet of Things, autonomous vehicles, nanotechnology, biotechnology, etc. are creating opportunities for us while new challenges are emerging. Mutual cooperation between different countries is essential to address these challenges.
The minister made the remarks while addressing the 2nd Regional Conference on Industrial Development in Jakarta, Indonesia, in collaboration with the United Nations Industrial Development Organization (UNIDO).
The Minister said the Fourth Industrial Revolution would play a role in increasing global income and improving the quality of life of people worldwide. Considering all these issues and addressing these challenges, Bangladesh has formulated various policies, laws, rules and strategies; taken steps to increase efficiency. Efforts are being made to increase mutual cooperation with different countries. The opportunities of the Fourth Industrial Revolution must be utilized through the joint efforts of all.
The two-day conference was attended by representatives of the United Nations Industrial Development Organization (UNIDO), industry ministers from several countries, including Sri Lanka and Indonesia, and government and business representatives from about 25 countries, including ASEAN.
He later had a bilateral meeting with Sri Lankan Industries Minister Wimal Weerawansa and discussed trade, trade and other issues of mutual interest.
Meanwhile, Bernardo Calzadilla Sarmiento, Managing Director of UNIDO met with Nurul Majid Mahmud Humayun in Jakarta on Thursday morning. He sought their assistance in providing technical assistance to Bangladesh in achieving the targets set by UNIDO.