Bangladesh has been become popular as next IT outsourcing destination throughout the world day by day. The success of the Communications & Information Technology industry has prompted many relevant associations to evolve to provide focal points for entrepreneurs and foreign investors. The government of Bangladesh has declared the ICT sector as ‘thrust’ sector. The creation of a separate Ministry for Communications & Information Technology (Ministry of Science and Information & Communication Technology), formulating favorable laws and initiating government IT projects are encouraging steps for the local/international investors in the Bangladesh ICT industry.