At present Information Technology (IT) is a subject of widespread interest in Bangladesh. There are around 100 software houses, 35 data entry centres, thousands of formal and informal IT training centres and numerous computer shops. The Government has declared IT as a thrust sector and that computer training centre will be set up in each divisional and district headquarters of Bangladesh. Import of computer hardware and software is now duty free, VSAT is deregulated, high speed DDN (Digital Data Network) has been introduced. One fourth of the 45 recommendations of JRC report on software export has already been implemented; rest is in the process of implementation. A tremendous activity is going on in every sector including e-commerce, e-governance, computer networking, Internet, web browsing, web applications, multimedia product development etc. Some active steps and initiatives are already there, as described below for an exposure of the present and future prospects of IT in Bangladesh.