Technology parks, also known as hi-tech parks, function as designated areas offering infrastructure, resources, and support to enterprises focused on technology. Positioned at the forefront of technological advancement, Bangladesh has become a hub of innovation through the creation of Hi-Tech Parks. These advanced hubs are established as specialized zones carefully designed to offer an optimal environment for technology-driven enterprises.
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The configuration of hi-tech parks is customized to allure both domestic and international investments, nurturing economic growth and progress. Crucial inquiries revolve around how hi-tech parks intend to create job opportunities and the strategies they will employ to actively contribute to economic expansion.
In this context, Press Xpress interviewed Md. Iftekharul Alam Efat, Assistant Professor at the Institute of Information Technology (IIT), Noakhali Science and Technology University. The following are excerpts from the interview:
How is the design of hi-tech parks tailored to attract both local and foreign investments, fostering economic growth and development?
In designing hi-tech parks, a strategic blend of cutting-edge infrastructure, advanced technologies, and investor-friendly policies is crucial. The focus should be on creating an ecosystem that not only nurtures local innovation but also entices foreign investors. A seamless integration of research and development centers, coupled with incentives for foreign businesses, can catalyze economic growth. This design, fostering collaboration and offering cost-effective operations, is key to creating hubs of technological excellence. It positions hi-tech parks as catalysts for economic development, bridging regional disparities, and contributing significantly to a nation’s innovation-driven progress.
In what ways do hi-tech parks aim to generate employment opportunities?
In alignment with Industry 4.0 and Smart Bangladesh initiatives, Hi-tech parks aim to be epicenters of employment generation through technological innovation. By fostering an environment that champions automation, artificial intelligence, and digitalization, these parks create opportunities for skilled professionals in emerging fields. The integration of smart technologies not only enhances operational efficiency but also demands a workforce proficient in these domains. Through strategic partnerships with educational institutions and upskilling programs, hi-tech parks ensure a steady supply of talent, addressing the needs of a rapidly evolving industry. This symbiotic relationship between technological advancements and employment opportunities positions hi-tech parks as the driving force behind a Smart Bangladesh, where a digitally literate workforce propels economic growth and secures a sustainable future.
Could you elaborate on the strategies employed by hi-tech parks to contribute effectively to economic expansion?
Innovative Infrastructure: Hi-tech parks prioritize state-of-the-art infrastructure, creating a conducive environment for technological advancements and innovation.
Industry 4.0 Integration: Embracing the principles of Industry 4.0, these parks focus on automation, IoT, and smart technologies, positioning themselves at the forefront of global industrial trends.
Skilling Initiatives: Collaborating with educational institutions, hi-tech parks implement skilling programs to ensure a workforce equipped with the digital skills required for the future job market.
Smart Cities Integration: Aligning with the Smart Bangladesh Vision 2041, hi-tech parks contribute to the development of smart cities by incorporating sustainable practices, efficient energy use, and advanced urban planning.
Research and Development: Investing in cutting-edge research and development centers, these parks attract foreign investments and foster collaboration between local and international entities.
Global Collaboration: Encouraging global partnerships, hi-tech parks create a platform for international businesses to invest and collaborate, contributing significantly to economic expansion.
Start-up Incubation: By fostering a supportive ecosystem, hi-tech parks become incubators for startups, driving entrepreneurship and job creation in alignment with the Smart Bangladesh vision.