Bangladesh eyes trillion-dollar economy by 2034: Finance Adviser

Bangladesh has embarked on a transformation journey towards becoming a trillion-dollar economy by 2034, moving beyond the fragile economy inherited from the deposed regime, Finance and Planning Adviser Prof Rashed Al Mahmud Titumir said on Saturday.

Speaking as chief guest at the biennial convention of the American Association of Bangladeshi Engineers and Architects in Detroit, Michigan, Dr Titumir said the government was pursuing a new development model anchored in its three-R strategy: recovery, restoration and reconstruction with a focus on investment, production, employment and increased public investment in education and healthcare.

He said Bangladesh aimed to become a competitive manufacturing hub through industrial diversification, productivity enhancement and technological advancement.

The Adviser urged Bangladeshi-American engineers, scientists and technology entrepreneurs to serve as a gateway to the U.S. innovation ecosystem by connecting Bangladesh with leading universities, research laboratories, technology companies and investors.

He called on diaspora professionals to mentor young engineers, facilitate technology transfer, establish research partnerships and connect Bangladeshi start-ups with global capital and markets.

‘Your knowledge, credibility, experience and professional networks are themselves a form of investment in Bangladesh,’ he said, proposing a sustained platform linking diaspora expertise with Bangladesh’s universities, industries and entrepreneurs.

‘Let us transform individual Bangladeshi success in America into collective opportunity for Bangladesh,’ he added.
The convention was presided over by AABEA President Engineer Monir Zaman and attended by Congresswoman Debbie Dingell, Michigan Supreme Court Justice Megan Cavanagh and Bangladeshi-American professionals from across the United States.