BSIA Welcomes National Taskforce Recommendations on Semiconductor Sector Development

NN Online:

The Bangladesh Semiconductor Industry Association (BSIA) warmly welcomes and appreciates the recently published recommendations by the National Semiconductor Taskforce, constituted under the Hon’ble 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. 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. BSIA is particularly encouraged by the Taskforce’s emphasis on:

• 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;
• Immediate focus on chip design and testing & packaging as realistic and strategic entry points;
• Suggestions to strengthen global linkages, including joint ventures, diaspora engagement, and participation in international events.

At the same time, BSIA urges 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.

BSIA President Mr. 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 look forward to working together to turn these recommendations into reality.”