Bangladesh aims to become trillion-dollar economy by 2034: Titumir

Bangladesh has embarked on a transformation journey to become a trillion-dollar economy by 2034, moving beyond the fragile economy inherited from the deposed regime, Prime Minister’s Finance and Planning Adviser Rashed Al Mahmud Titumir has said.

Speaking as the chief guest at the biennial convention of the American Association of Bangladeshi Engineers and Architects (AABEA) in Detroit, Michigan, on Saturday, he said the government is pursuing a new development model based on recovery, restoration and reconstruction.

The model focuses on investment, production, employment and increased public investment in education and healthcare, the adviser said.

He said Bangladesh aims to establish itself as a competitive manufacturing hub through industrial diversification, higher productivity and technological advancement.

Titumir urged Bangladeshi-American engineers, scientists and technology entrepreneurs to act as a bridge to the US innovation ecosystem by connecting Bangladesh with leading universities, research laboratories, technology companies and investors.

He also called on diaspora professionals to mentor young Bangladeshi 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.

The adviser proposed establishing a sustained platform to link the expertise of the Bangladeshi diaspora with universities, industries and entrepreneurs in Bangladesh.

“Let us transform individual Bangladeshi success in America into collective opportunity for Bangladesh,” he said.

The convention was presided over by AABEA President Engineer Monir Zaman.

US Congresswoman Debbie Dingell, Michigan Supreme Court Justice Megan Cavanagh and Bangladeshi-American professionals from across the United States attended the convention.