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E-Commerce Has a Billion-Dollar Market: Tipu Munshi

“There’s an opportunity to generate jobs for 5 lakh people in e-commerce businesses in the future."

Commerce Minister Tipu Munshi called on all involved in e-commerce to improve their level of service in order to build a good image of the billion-dollar market.

"It [e-commerce] has a great prospect of thriving further in the future, not just during the COVID-19 period, but even after that. Both those involved in e-commerce have to work sincerely and preserve consistency in order to build a positive reputation, "said the Minister while speaking at an online press conference.

The program was jointly coordinated by the E-Commerce Association of Bangladesh (e-CAB) and the Ministry of Commerce.

Tipu Munshi said, "There is a billion-dollar demand for e-commerce businessmen. So, I'm telling journalists to report good stories regarding e-commerce. If so, it will succeed well in the future.

Prime Minister Sheik Hasina set the goal of developing 'Digital Bangladesh' and e-commerce part of it, Tipu Munshi said.

"You (e-commerce businessmen) can use those who have been unemployed to deliver your goods. We need everyone's support to create 'Digital Bangladesh,' the Minister added.

“The ICT ministry is extending support in various ways to develop e-commerce. We’ll get good results in the future if we all work together,” he said.

Commerce Secretary Md Jafar Uddin said their ministry has taken a range of initiatives to step up e-commerce operations. "We are able to build a business that can fix some problems in the industry," he added.

Sheik Fazle Fahim, President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), said that there is a potential for the sector to build a big new work market in the future.

Shomi Kaiser, president of the association, said, “There’s an opportunity to generate jobs for 5 lakh people in e-commerce businesses in the future. So, proper support from the government side is needed to flourish the sector. We demand a tax waiver for the sector in the upcoming budget.”

Source: UNB

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