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The Future of Asia 2019

Bangladesh grows beyond garments to technology, PM Hasina says

Digital technology is 'reducing inequality' and 'creating opportunities'

Bangladeshi Prime Minister Sheikh Hasina speaks at the Future of Asia conference on May 30. (Photo by Yuki Nakao)

TOKYO -- Bangladesh's economy is expanding beyond apparel production to sectors such as information technology as the country's rapid economic growth stimulates investment, Prime Minister Sheikh Hasina told Nikkei's Future of Asia conference in Tokyo on Thursday.

Hasina has been in office since 2009 as head of the ruling Awami League party. In that period, Bangladesh has experienced high economic growth through the success of its ready-made garment sector. The economy grew 7.86% in the fiscal year ended last June, making it one of the fastest growing economies in Asia. This year's growth will reach 8.13%, Hasina said.

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