Following the OBOR Strategy, iSoftStone Accesses Market in Bangladesh

On Jan. 19, 2017, an MOU on Phase I of E-Village Project was signed between iSoftStone Information Technology (Group) Co., Ltd. (iSoftStone) and Bangabandhu Sheikh Mujibur Rahman Agricultural University (BSMRAU) and Information and Research Center in Bangladesh. iSoftStone will provide professional information technologies and services to speed up agricultural informatization in Bangladesh. Present at the signing ceremony were Nasru Hamid, honorary minister of Ministry of Power, Energy and Mineral Resources (MPEMR), councilor, member of council of Information and Research Center; Saab Bin Sam, executive director of Information and Research Center; Barahman, vice president of BSMRAU; Shichao Yang, chargé d'affaires of Embassy of the PRC in Bangladesh; Walter Fang, Executive Vice President of iSoftStone and government leaders and corporate representatives from both countries.

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With construction and development of China-India-Bangladesh-Myanmar Economic Corridor and the “One Belt and One Road initiative, China and Bangladesh are presented with more opportunities in economic cooperation. President Xi Jinping’s visit to Dhaka in October 2016 was the first state visit made by the highest leader of China to Bangladesh over the past 30 years. Bangladesh hopes to obtain more support from China in key areas conducive to achieving future development goals. Shichao Yang mentioned in his speech that the E-Village Project is a major achievement of partnership between China and Bangladesh. China would like to combine Bangladesh’s development needs with its own advantages and keep on promoting the partnership onto a higher level in a bid to synergize the Gold Bengal Dream and the Chinese Dream.

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Agriculture has been the mainstay of Bangladeshi economy. During recent years, the country is showing rapidly growing demand in finished food products, fruits and dairy products, and its agriculture has a huge development potential. The E-Village Agricultural Partnership Project will bring iSoftStone’s technological advantages in smart agriculture into full play, and help Bangladesh to walk out of the bog of lagging production technology and underdevelopment of agricultural products processing industry. By virtue of information communication technologies, the project will help rural communities to achieve food safety and sustainable agricultural development while speeding up agricultural informatization in Bangladesh.

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In terms of future cooperation and development, Walter Fang said that with internet, big data, cloud computing and AI becoming new power and pillars of economic development, the E-Village Agricultural Partnership Project will set up a win-win platform for agriculture and more sectors in Bangladesh, provide strong guarantee for rapid development of new businesses and models such as the digital economy and smart manufacturing as well as integration and innovation of smart cities, and play an important role in bolstering socioeconomic development. iSoftStone will bring its head start advantage into full play, connect various links of smart agriculture construction, accelerate construction of ecosystem for smart agriculture, and build an even more wonderful smart home for Bangladesh.

This in-depth strategic cooperation with Bangladesh is part of iSoftStone’s global strategy. The company will export its innovative technologies, products and services accumulated over the past decade to developing countries, particularly those along the One Belt One Road. It will share smart technologies with the rest of the world and make positive contributions to the orderly, diversified and rational development of world economy and global digital transformation.

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