Budget FY23E-commerce sector to get big boost

The government has taken a project to advance the country's e-commerce sector with an aim to create more employment in the sector.

"To support the growth of e-commerce in Bangladesh and to encourage new start-ups, which will create new job opportunities, a project titled 'My e-commerce, My own business' has been taken up by the government," Finance Minister AHM Mustafa Kamal said while presenting the proposed National Budget for FY'23 in the Jatiya Sangsad on Thursday.

The objective of this project is to harness skills of new entrepreneurs and develop small and medium enterprises in this sector in the rural areas of Bangladesh, he said.

Earlier, the government drafted the National Digital Commerce Policy in 2018. Although e-commerce business boomed during the pandemic, it was riddled with scams as well.

The government has recently introduced digital commerce business ID (DBID), which is issued by the Registrar of Joint Stock of Companies (RJSC) to e-commerce entities, to restore public confidence on e-commerce sites and also to protect consumer interests.