Mr. Ezajur,
You see foreign ownership of industries in BD (especially by India) can not be considered FDI. India is buying successful (I mean profitable) industries in BD that has been built up by Bangladeshis - they are not investing in new sectors of industries such as the IT sector because they know that Bangladesh will become a competitor of India! Telecoms is not a manufacturing sector - it is a service sector.
As you have said - so far FDI from India is virtually zero. Whatever FDI they have made is in the "service" sector - that does not manufacture anything that use raw material and labour of BD and exported from BD to other countries.
Lets face it those cheap goods they dump in BD's market needs local distributors, agents etc. But that is hardly a job creation scheme in BD! The real jobs comes from FDI that creates factories, use local raw materials and local labour force. In the last 20 years India has done none of that. Those who have no interest in our well being - we should not have any interest in helping.
We all remember the proposed investment of billions by Tata that never materialised because the price for a unit of gas Tata was willing to pay was much below whole sale market price - our gas is a very precious commodity. And quite rightly the previous BD government did not pursue this any further.
This discussion thread has shown one important thing about us educated bangladeshis - we are vey naieve and stupid to think that India is going to help us to prosper and become richer. In a globalised world - everybody is looking after their own interest. But who is looking after our interest - if we don't look after ourselves?
What I have seen so far I do not have much faith in present government to look after our interest - they are more busy to make India richer. I wish I had a friend like Bangladesh - I can dump cheap goods in her market, choke her growth and ask for free transit to export my goods to the rest of the world, and transport machinery and powerplants through BD to industrialise other parts of my country and become richer.
Many thanks for your response.
Salam
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