First News
Volume:7, Number:41
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THIS WEEK

E-commerce to Generate Million New Jobs within 10 Years

| Sharifunnaher |

A growing e-commerce sector is booming in Bangladesh, and though the market is tiny compared to those of China and India, Bangladesh is striving to catch up with the others. According to the e-Commerce Association of Bangladesh (e-CAB), transactions worth about BDT10 billion are conducted annually through e-commerce. There are 1,000 websites, 10,000 Facebook pages, and 50,000 people directly or indirectly involved in this sector in Bangladesh. E-CAB president Razib Ahmed said, “Within the next 10 years, the e-commerce sector will generate around one million new jobs, most of them for educated people. Within 20 years, we will have around 10 million jobs.” Ahmed also said government decision-makers should see e-Commerce not merely as a business but as something that would boost the national economy. This approach alone can solve many problems, as digital Bangladesh would remain incomplete without burgeoning e-Commerce, he added. At present, e-CAB has 610 member companies, Ahmed said.

Bdjobs.com chairman Fahim Mashroor said that Bangladesh’s e-commerce sector would generate approximately 800,000 jobs within the next four to five years. “To generate jobs in this sector, the government should take three initiatives: increase connectivity, reduce Internet costs, and use post offices as distribution channels,” Mashroor added. He stressed that logistics companies should join this sector to deliver products outside Dhaka or remote places, where a post office can play a vital role in delivering goods. Injamul Huq, the business development executive of Ajkerdeal.com, an e-commerce site in Bangladesh, informed that more than 2,000 merchants, 99 percent of them SME entrepreneurs, were involved in the marketplace to promote their products. According to a report, ‘Venture Capital—the Game Changer’, written by Shameem Ahsan, venture capital and private equity firms bring new opportunities, create new jobs, and provide government plenty of tax revenues. However, a strong and supportive venture capital ecosystem is yet to grow in an emerging market like Bangladesh, the report added.

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