Technology transfer to strengthen Bangladesh’s manufacturing sector: DCCI

Dhaka Chamber of Commerce and Industry President Rizwan Rahman on Tuesday said that technology transfer can strengthen Bangladesh’s manufacturing sector and increase productivity.  

He said this during a meeting with a delegation from the United Nations Technology Bank for Least Developed Countries, at DCCI office in Dhaka.

The delegation was led by Joshua Setipa, managing director of UN Technology Bank for LDC. 

DCCI president said, “Bangladesh has made a tremendous economic success in recent years and witnessed 5.47 per cent economic growth in FY21 and the foreign exchange reserve has already reached $48 billion-plus in August 2021.”

“After Bangladesh’s graduation from LDC in 2026, the SME sector will have to embrace the growing challenges of the fourth industrial revolution (4IR) to be competitive in the international market.”

He said that the UN Technology Bank can play a vital role to promote technology transfer to make Bangladesh’s manufacturing sector more productive.

He also requested the UN Technology bank to help Bangladesh’s SME sector to enhance its capacity development to cope with the growing challenges of the fourth industrial revolution.

Meanwhile, Joshua Setipa mentioned that the role of their organization is to promote technology transfer, train up professionals and workers.

He also said that the organisation can identify sector-wise technology requirements and facilitate the technology adoption for the SMEs of this country to make them technologically advanced.

He also added that the UN Technology Bank can link up Bangladeshi businesses with technology providers under WTO’s technology transfer platforms which will help them with latest technologies and expand in a faster manner.

“UN Technology Bank for LDCs is going to organize an International Summit in January 2022. Bangladesh will be co-chair of this summit. DCCI can also be the lead implementing partner of an upcoming enterprise development project,” he added.

Programme Management Officers of UN Technology Bank for LDC Yesim Baykal and Orient Muloongo were also present during the meeting.