IT companies in Bangladesh started exporting software around two decades ago, joining the business process outsourcing (BPO) bandwagon in the 1990s. Since then, many of them have diversified into exporting computer programs, according to Syed Almas Kabir, the president of the Bangladesh Association of Software and Information Services (BASIS).
Kabir’s organization, BASIS, started with 17 companies in 1997. Now, the association has over 1,170 members and several have begun exporting their services globally.
Data Soft, for example, began its journey in 1998. Its Managing Director Mahboob Zaman told DW, “It was 1996 and the world was anxious about Y2K, which could cause a problem for computer systems in 2000. At the time, Indian tech companies announced that they had found the solutions for the problem. We thought if India could do such a lot of things, why couldn’t we?”
A five-billion-dollar dream
According to the Global Location Service Index, a market analysis tool offered by AT Karney, Bangladesh ranks 21st in IT outsourcing, business process outsourcing and software development. The country also has the second-largest number of freelancers worldwide, according to the Oxford Internet Institute, and more than 40,000 people work in the outsourcing industry, earning more than $300 million (267 million euros) every year, according to the Bangladesh Association of Call Centre and Outsourcing (BACCO).
According to Syed Almas Kabir, president of Bangladesh’s IT companies’ association BASIS, many firms are getting involved with new technologies like the Internet of Things (IoT), artificial intelligence and blockchain. Demands for more services in these areas will increase, he told DW, adding that universities also needed to modify their subjects to cater to new demands.
As a whole, Bangladesh has earned about $1 billion (around 890 million euros) in the last year through its IT services, according to BASIS. The government now wants to earn $5 billion (around 4.4 billion euros) within 2021. BASIS’ Kabir thinks that once the government completes laying fiber optic cables, internet will be available in Bangladesh’s villages as well.
The association is now looking to expand its outreach in potential markets, including Japan, USA, UK, Denmark and in African countries. Kabir told DW: ”We have already submitted a proposal to the government. We want to create a Bangladesh desk in Japan. We will recruit some local people in this endeavor to promote our companies.”