One of my favorite topics is economics, free-market policies, and when nationalism works.
Not quite sure where your advice is coming from because you guys love to hate each other. But I will bite and ask the question:
Does this advise include shunning their market for Bangladeshis companies to sell their products to?
Have you considered some factors why a company will invest in another country and be a good thing for the home country?
- While the company continues in the home country. They are trying to expand and sell into a larger market to increase revenues.
- The products that the company produces has a better global supply chain and again it's about increasing revenues while maintaining a home base
- The labor market is more skilled, has a bigger labor base of skilled laborers allowing the company to fulfill bigger volumes.
- The market is offering incentives such as big tax break, free land lease for years, infrastructure assistance, etc, which is a very attractive growth strategy requiring less capital investment
- All of them above bringing additional revenues into Bangladesh possibly, to reinvest in additional high growth ventures. US companies have invested in other countries that have allowed them to reinvest in higher-value products and services in the US. You did not see Apple leaving the US or shrinking its workforce in the US by its investment in other countries, did ya?
Well obviously you don't have backgrounds, ideas or experiences we in Bangladesh have as far as investing in Indian market, or specifically, how they conduct business affairs with outsiders like us, which is a continuation of 50's socialist Nehruvian economics - which dictates a closed protected economy supplying its own needs, price controls to some extent, supplying inferior third rate products to a highly price-sensitive market for a very large group of miserly customers, a coterie of local oligopolies which are groomed and helped by the corrupt state apparatus in exchange for graft and bribes.
I suspect you may be a false -flagger Indian (given your anti-Chinese stance) - but will give you the benefit of the doubt.
We don't hate Indians as a group per se - but we are not overly fond of their racist, fascist, communal politicians (currently in power, ruining India) and businessmen who are (in one word) largely composed of cheaters and frauds.
Indians don't like outsiders profiting off of their market. But the sad story is, they cannot compete internationally in an open market with their third rate products either, since their production is so inefficient with sub-par back-dated machinery and processes.
Long story short - we have had forty plus years of experience dealing with Indian businesses, and we have seen enough of their unfair trade practices and one-sided dealings that selfishly benefit only their side. They don't know the meaning of the word "fair-trade". They have profited to the tune of $30 billion yearly from us for at least the last three decades, when you consider uneven trade, their citizens illegally working within Bangladesh remitting money, and our medical and recreational tourism in India.
Enough is enough.
Time is ripe for cutting trade (and tourism) ties with India and opening up with countries (like China, Turkey, S. Korea or Indonesia) who have as big a market - but don't cheat as much as Indian businesses do and at least appreciate fair balanced trade with us. Chinese businesses or other that of other countries at least don't have mal-intent to manipulate our markets. The world is a big place, we have options. If India is as effed up as it is, we don't have to deal with them.
We are not obligated to do business with fascists.
I have taken the time to explain - but this will be my last communication on this. The Internet is wide open and Google is your friend.
thefinancialexpress.com.bd
