Prime Minister Tarique Rahman has said the government has initiated a comprehensive plan to harness the potential of the semiconductor industry, describing it as the country’s next major engine of economic growth after the RMG sector.
“The semiconductor industry could emerge as Bangladesh’s next promising economic sector after the RMG industry. The government has already begun implementing comprehensive plans, including creating a business-friendly environment, to turn this next major driver of economic prosperity into a reality,” he said.
The prime minister was addressing the inaugural ceremony of the National Semiconductor Symposium and BEAR (Bangladesh Electronics, AI and Robotics) Summit 2026 at the Novo Theatre in the capital on Saturday morning.
Describing the conference as more than an ordinary event, the prime minister said it was a gathering of those who would help build a technology-driven Bangladesh in the future.
“Bangladeshi expatriates have been demonstrating their excellence in countries around the world. Many of them have taken the initiative to participate in this important summit,” the prime minister said.
He added that the present government wanted to build a self-reliant, prosperous and technology-driven Bangladesh.
Calling semiconductors the foundation of modern civilisation in the era of the Fourth and Fifth Industrial Revolutions, Tarique said, “From artificial intelligence, robotics, data centres, renewable energy and medical equipment to mobile phones and satellites in space, chips, or semiconductors, are indispensable in every field.”
Highlighting the enormous potential of the global semiconductor market, the prime minister said, “The global semiconductor market is expected to reach nearly one trillion US dollars by 2026. Bangladesh has immense opportunities in this vast market, and I believe the country will be able to achieve its targeted export earnings from this sector by 2030.”
He said the government considered the semiconductor industry a national priority, but stressed that its development could not be achieved by any single ministry or institution alone.
“We consider the semiconductor industry a national priority sector. However, developing this industry is not the responsibility of any single ministry or institution; it is a collective national mission,” he said.
The prime minister added that the government, universities, research institutions, industrialists, entrepreneurs and expatriate experts must work together to achieve this goal.
Referring to the government’s policy support for the sector, the prime minister said that all taxes and duties on raw materials required by the semiconductor industry had been withdrawn in the current budget.
In addition, initiatives had been taken to introduce cash incentives on export earnings from semiconductor design services, he added.
Encouraging young entrepreneurs, the prime minister said, “For the first time, the government has allocated Tk5 crore annually in start-up grants to support new innovations, and the distribution process has already begun.”
Assuring investors, the prime minister said, “The government is working relentlessly to provide tax-free bonded facilities and specialised infrastructure to attract both foreign and domestic investment. Alongside modernising the existing high-tech parks, we also plan to establish a new biotech park.”
Acknowledging the skills shortage and intense global competition, Tarique expressed optimism, saying, “Despite various limitations, we have an indomitable determination to move forward. We will achieve this goal by relying on our talent, skilled young people and innovative capacity.
“The government will stand by you with all its capabilities to help turn your dreams and determination into reality,” he said.
Expressing hope that the summit would produce tangible outcomes, the prime minister said, “I hope this conference will create new partnerships, research initiatives and investment opportunities that will take Bangladesh’s technology sector much further.”
Later, the prime minister formally inaugurated the National Semiconductor Symposium and BEAR Summit 2026.
He also joined a photo session with local and foreign delegates attending the summit and toured the exhibition booths, where students and start-up entrepreneurs showcased innovations in semiconductors, artificial intelligence, robotics, healthcare technology, intelligent systems and other deep-tech sectors.
The two-day summit is being jointly organised by the Bangladesh Semiconductor Industry Association (BSIA), the Ministry of Science and Technology and the Silicon River Bangladesh programme under the theme, “Building Bangladesh’s Semiconductor Future through Global Partnerships”.
Minister for Posts and Telecommunications, the ICT Division and Science and Technology Faqir Mahbub Anam and the Prime Minister’s Adviser on Science and Technology Rehan Asif Asad addressed the inaugural session.
Bangladesh Semiconductor Industry Association President MA Jabbar, Science and Technology Secretary Md Anwar Hossain, and Chief Architect of the Silicon River Initiative and Purdue University Prof Muhammad Mustafa Hussain also addressed the session.
