2022.10.03

“Japan Bangladesh IT Association” established on 1 October for development of the IT industry in both countries Launch of “Japan Valley”, a project to support business expansion into Bangladesh

SUN Co., Ltd (Head office: Minato-ku, Tokyo; President and CEO: Shumpei Nakasone; hereinafter “SUN”) announce the establishment on October 1 of the “Japan Bangladesh IT Association”, a general incorporated association to contribute to the development of the IT industry in Bangladesh and Japan. As the first initiative of this association, we launched “Japan Valley,” a project to support Japanese IT companies to expand their business in Bangladesh.

■Purpose of Establishment of “Japan Bangladesh IT Association”
With a population of 160 million, Bangladesh is attracting attention as a future destination for overseas expansion due to its abundant and inexpensive labor force and huge market potential. Infrastructure development work is being actively carried out there by Japanese general trading companies, and there are high expectations for Japanese companies in the construction, manufacturing, trading, retail, food, and tourism industries to advance in the country. When launching an overseas business, it is important to ensure that everything goes smoothly, from company establishment to infrastructure development, recruiting activities, and hiring personnel. And to efficiently manage overseas bases with limited human resources, it is necessary to proactively consider the use of IT and the promotion of digitalization. However, the competition for recruiting tech talent is heating up due to the wave of DX and digitalization that is sweeping the world. Some Japanese companies are losing personnel to foreign companies due to conditions such as corporate recognition and salaries, and many companies are facing a shortage of operational personnel due to the difficulty of hiring IT engineers locally.

Therefore, we have decided to establish the “Japan Bangladesh IT Association” to support Japanese companies expanding their business overseas with a thorough knowledge of Bangladesh’s local laws. We will provide total support for the process from registration procedures to hiring IT personnel in Bangladesh.

■Activities of “Japan Bangladesh IT Association”
Total Support for Japanese Companies Expanding into Bangladesh
The Japan-Bangladesh IT Association aims to improve the economic, social, and national life of both countries by achieving communication between the public and private sectors in Japan and Bangladesh. By supporting Japanese companies to expand into Bangladesh, we aim to build a world-class IT society in Bangladesh and Japan. As the first initiative, we will launch “Japan Valley,” a support project targeting Japanese companies considering expansion into Bangladesh.

■Wishes for the Logo

■Services Provided by “Japan Bangladesh IT Association” to Support Business Expansion into Bangladesh

■Outline of “Japan Bangladesh IT Association”

■Introduction of Advisor of “Japan Bangladesh IT Association”
Yuji Ando（Director, JETRO Dhaka）
Joined JETRO in 2008. After working in IDE-JETRO, JETRO Dhaka Office (practical trainee), Lifestyle, Culture and Service Industry Department, and JETRO Hamamatsu, he has been in his current position since March 2019. He is the author of the Japanese book “知られざる工業国バングラデシュ ” (Bangladesh, the Unknown Industrial Country).

Russell T. Ahmed (President, Bangladesh Association for Software & Information Services)
He is the President of the Bangladesh Association of Software and Information Services (BASIS), the national trade organization for software and IT services in Bangladesh. He has contributed significantly to the development and promotion of the ICT industry in Bangladesh, where he has been a leader in the ICT field for more than 22 years and has played a key role in the EdTech/digital education field for a decade. He is the founder of the largest Learning Management System (LMS) platform in Bangladesh and has experience in various industries including business development, operations, sales/marketing, and strategy.

■Event Information
On October 20, 2022, Japan Bangladesh IT Association will hold a seminar. JETRO Dhaka office manager will present the latest information on Bangladesh’s economy and its attractions. We will also introduce our association and our project “Japan Valley” which supports Japanese companies to expand their business in Bangladesh in order to enhance the Japan brand.

■About “Japan Valley”
“Japan Valley”, an initiative of the Japan Bangladesh IT Association, is a project launched to support the expansion of the Japan brand in Bangladesh. The project aims to create a place in Bangladesh where innovation is born and brand power is demonstrated, like “Silicon Valley” in the United States.

For more information, please see this press release.
“Japan Valley”, a support project for Japanese companies expanding in Bangladesh, is launched. Enhance the Japan brand.
https://www.sun21.co.jp/news/2022/japan-valley.php

■SUN Co., Ltd https://www.sun21.co.jp/
We are an IT company that operates a system integration business, Web design and a foreign resident support business under the corporate philosophy “To become a globally-renowned company based on our mission ‘connect people with people’ “. We actively hire globally, and by connecting people, create new value and deliver innovation to the world.