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Bangladesh has embarked on a transformation journey aimed at becoming a trillion-dollar economy by 2034, moving beyond what Prime Minister’s Adviser on Finance and Planning Prof Dr Rashed Al Mahmud Titumir described as the fragile economic situation inherited from the previous regime.
“The government was pursuing a new development model based on a three-R strategy — recovery, restoration and reconstruction,” he said.
Titumir made the remarks on Saturday while speaking as the chief guest at the biennial convention of the American Association of Bangladeshi Engineers and Architects (AABEA) in Detroit, Michigan, according to a press release issued today.
He said the new development strategy focuses on boosting investment and production, creating employment opportunities and increasing public investment in education and healthcare.
Bangladesh also aims to emerge as a competitive manufacturing hub through industrial diversification, higher productivity and technological advancement, he said.
The adviser called on Bangladeshi-American engineers, scientists and technology entrepreneurs to help build stronger links between Bangladesh and the US innovation ecosystem by connecting the country with leading universities, research laboratories, technology companies and investors.
He urged diaspora professionals to play a greater role in mentoring young Bangladeshi engineers, facilitating technology transfer, establishing research partnerships and connecting Bangladeshi startups with global capital and international markets.
“Your knowledge, credibility, experience and professional networks are themselves a form of investment in Bangladesh,” Titumir said.
He proposed establishing a sustained platform to connect the expertise of the Bangladeshi diaspora with universities, industries and entrepreneurs in Bangladesh, saying such a mechanism could help translate professional experience abroad into opportunities at home.
“Let us transform individual Bangladeshi success in America into collective opportunity for Bangladesh,” he added.
Titumir’s remarks came at a gathering of Bangladeshi-American professionals, providing a platform for discussions on Bangladesh’s economic transformation, technological advancement, skills development and stronger engagement with the global innovation ecosystem.
AABEA President Engineer Monir Zaman presided over the convention.
Congresswoman Debbie Dingell, Michigan Supreme Court Justice Megan Cavanagh and Bangladeshi-American professionals from across the United States attended the event.
