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The Financial Express

DCCI president stresses technology transfer to boost productivity

MD of UN Technology Bank of LDC visits Dhaka Chamber


| Updated: October 23, 2021 16:37:03


DCCI President Rizwan Rahman is talking to a delegation of the United Nations Technology Bank for Least Developed Countries at DCCI in the city on Tuesday DCCI President Rizwan Rahman is talking to a delegation of the United Nations Technology Bank for Least Developed Countries at DCCI in the city on Tuesday

Mentioning the country’s tremendous economic success in recent years, DCCI President Rizwan Rahman said that promoting technology transfer will strengthen manufacturing sector more productive.

He made the comment during a meeting with a delegation from the United Nations Technology Bank for Least Developed Countries at DCCI (Dhaka Chamber of Commerce and Industry) on Tuesday.

The delegation was led by Joshua Setipa, Managing Director of that organisation, according to a statement. 

During the meeting, Rizwan Rahman said that Bangladesh has made a tremendous economic success in recent years and witnessed 5.47 per cent economic growth in FY2021 and the foreign exchange reserve has already reached US$ 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.

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 their capacity development to cope with the growing challenges of the fourth industrial revolution.  

Joshua Setipa, Managing Director, UN Technology Bank for LDC, mentioned that the role of their organisation is to promote technology transfer, train up professionals and workers. He also said that they can identify sector-wise technology requirements and will 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 adapt latest technologies and expand in a faster manner.

UN Technology Bank for LDCs is going to organise 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.

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