Bangladesh Hi-Tech Park Authority

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Bangladesh Hi-Tech Park Authority

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The Government of Bangladesh has declared ‘Vision 2021’ with a target to make Bangladesh as a middle income country using ICT.

The Government of Bangladesh has declared ‘Vision 2021’ with a target to make Bangladesh as a middle income country using Information and Communication Technology (ICT) and development of favorable business environment for innovative companies. ICT has been considered as a thrust sector. Government has taken various initiatives to achieve the target. Among them conducive business environment for Hi-Tech Industries is mentionable. So, Information and Technology (IT) Village / Software Technology Park (STP) in divisional level will be one of the important and priority project which would be the milestone for the development of IT sector as well as industrialization in Bangladesh. Bangladesh Hi-tech Park Authority is the official body of Bangladesh government to boost up hi-tech industries in Bangladesh. To fasten up the economic development of the country, Bangladesh Hi-Tech Park Authority (BHTPA) was established in 2010. The purpose of the act is to the establishment of the Bangladesh Hi-Tech Park Authority to make provision for the establishment and expansion of Hi-Tech industry for creation, management, operation and development of Hi-Tech Park within the country. It is an autonomous body comprising 76 personnel; Managing Director (MD) is the Chief Executive of the authority. There is an Executive Committee (EC), headed by the minister of ICT to look after the day to day policy matter of the authority. Representative from different ministries, local body and professional stack holders are the members of the EC. In spite of that, a Governing Council, headed by the honorable Prime Minister is also overviews, the overall policy matters of the authority. The office of the BHTPA is situated in the 3rd floor of Bangladesh Computer Council (BCC) Bhaban, Agargaon, Dhaka.

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Facilities of the Hi-Tech Park

The Hi-Tech parks are designed in a planned and scientific way with state of art facilities.

Green building
Telecommunications with hi-speed fibre optic connection
Training centre
Technology centre with shared services
Incubation centre
Data centre
24/7 hours management services
Residence facilities, Hospital, Schools
Hotel and convention centre
Shopping mall with cultural centre

Bangladesh Hi-Tech Park Authority (BHPA) offers lucrative financial and non-financial incentives for the investors

Financial Incentives

10 Year tax Holiday applicable from the date of commercial operations.
Exemption of Income Tax for Expatriate professionals
10 years accelerated Depreciation permissible.
Exemption from Import Duties for construction material/eqpt, software/hardware & vehicles
Exemption from import duties on machinery used for maintenance
100% exemption of taxes for all Exports
Full repatriation of Dividends/Profits & Capital permissible.
100% Equity (Ownership) is allowed for FDI companies.
No cap on FDI limits
Hi-Tech Park will be treated as Custom Bonded Area
Human Resources training/development will be undertaken for the Industry in the Hi-Tech Park to get right-skilled manpower at the Hi-Tech Park
Hi-Tech Park Authority shall be the Single Window agency

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