RAJSHAHI, Feb 9, 2024 (BSS) - Inclusion of Fourth Industrial Revolution (4IR)
in Cottage, Micro, Small and Medium Enterprise (CMSME) can be the best way of
accelerating economic conditions in the region.
 
Integrated efforts of all government and non-government organizations,
businessmen and entrepreneurs have become indispensable to attain the
cherished goal through facing the existing challenges.
 
High officials and academics came up with the observation while addressing a
seminar titled "Challenges and way -forward of fourth industrial Revolution
(4ir) after LDC Graduation on cmsmes of Bangladesh" here on Thursday.
 
Rajshahi Regional office of Bangladesh Small and Cottage Industries
Corporation (BSCIC) organized the seminar at its conference hall largely
participated by officials concerned, entrepreneurs, businessmen and other
stakeholders.
 
BSCIC Chairman Sanjay Kumar Bhowmik addressed the seminar as the chief guest
with its Regional Director Rezaul Alam Sarkar in the chair.
 
BSCIC Director Kazi Mahbubur Rashid and Principal of BSCIC Training Institute
Engineer Shafiqul Alam spoke as special guests, disseminating their expertise
on the issue.
 
Professor Muhammad Rokonuzzaman, Dean of Mechanical Engineering Faculty of
Rajshahi University of Engineering and Technology gave an illustration on the
issue, including its diversified aspects and CMSME application, during his
keynote presentation.
 
With the 4IR engagement, implementation of 'Sonar Bangla' dreamt by Father of
the nation Bangabandhu Sheikh Mujibur Rahman, and attaining the target of
elevating Bangladesh to a developed country by 2041 could be possible.
 
Rokonuzzaman said there is a need to develop a map for establishing linkages
between 4IR technologies' potential and the attainment of SDGs, targets, and
indicators.
 
He also said the success of developing the fine-tuned innovation system to
leverage 4IR innovations for meeting SDGs, through profit-making competition
of firms in taking ideas to market, will take Bangladesh to the orbit of the
innovation economy.
 

Progress along this line is crucial for Bangladesh to increase total factor
productivity and drive economic growth for meeting its goals targeting 2030
and 2041.
 
Professor Rokonuzzaman told the audience that Bangladesh's economic success
over the last a decade has been quite impressive. The commercialization of
low skilled labor has been at the core of this success.
 
In his remarks, BSCIC Chairman Sanjay Kumar Bhowmik said present Bangladesh
under the prudent and farsighted leadership of Prime Minister Sheikh Hasina
is on the right track towards the 4IR.
 
He said the country has already been connected with the 4IR as it has started
generating competent workforces with successful promotion and expansion of
the ICT sector.
 
Sanjay Bhowmik said Bangladesh is marching towards the 4IR as it has the
capability. In the process of adopting 4IR technologies, Bangladesh has
recently achieved significant growth in various sectors including the IT
services industry as well as the healthcare services.
 
He mentioned that the 4iR will be the era of ICT, robotics and artificial
intelligence and the present Bangladesh isn't far behind that.