What's new

Bangladesh, a future tiger economy? Indian diplomat thinks so

Black_cats

ELITE MEMBER
Dec 31, 2010
8,470
-6
13,052
Published on 12:26 PM, July 09, 2022

Bangladesh, a future tiger economy? Indian diplomat thinks so​


bangladesh-transformative-journey.jpg

Star file photo
Star Digital Report

With broad-basing of its industrial sector, Bangladesh could well be the tiger economy of the future, according to former Indian diplomat Ambassador Sarvajit Chakravarti.

Bangladesh has given itself a roadmap - Vision for 2041 - aimed at ending absolute poverty and graduating into higher middle-income status by 2031 and becoming a developed nation by 2041, he said. The country is making progress in several social and economic sectors, he added.

From agriculture to pharmaceuticals and from shipbuilding to garments, Bangladesh's industrial base is diversifying and its exports are increasing, said Chakravarti, who had served as India's diplomat in Dhaka twice, in an interaction with PTI journalists in its office at Kolkata.

"Bangladesh has made excellent progress in education, healthcare and basic social services. I see Bangladesh as a future tiger economy," Chakravarti added.

However, he said, this is dependent on India for some food items such as wheat and lentils. Shortages in India often result in stalling of these exports to the detriment of people in both the countries, reports our New Delhi correspondent.

"From when (US Secretary of State Henry) Kissinger called it a basket case' in 1971 to a country that has exceeded India in per capita income (last year), Bangladesh has come a long way. It is justified that there is a lot of pride associated with Padma bridge and the international agencies that had refused to fund it are now congratulating Bangladesh on its completion, he said.

The Padma Bridge will considerably reduce travel time from India to Bangladesh, will boost tourism traffic and improve delivery services from both sides. It shows the positive effect increasing exports can have on a country's economy (by generating development resources), Chakravarti added.

Chakravarti suggested India try to make Rupee a legal tender in the country as it is in Nepal and Bhutan so that the entire region can be treated, to an extent, as an integrated economic entity in terms of supply of essential services like food.
As the connectivity between the two neighbours is increasing via rail, road and river routes, container trucks from Bangladesh can be allowed to move to Mumbai, Ahmedabad and other ports in western India to make its shipments to Europe easier, he said.

Now, Bangladeshi ships go to Europe via Colombo. The use of western Indian ports will cut that distance considerably, he said.
On the Teesta water-sharing issue, Chakravarti said Bangladesh has been "very kind" in not making it the central part of its relationship dialogue with India.

An agreement on Teesta has been steadfastly opposed by West Bengal Chief Minister Mamata Banerjee on the ground that it would affect the state's interest as there is not enough water to share on a guaranteed basis.

Chakravarti said the issue could be solved by linking Teesta and Jamuna in Bangladesh via a canal.

"My suggestion is to build a canal from there to the Teesta and re-circulate the water," he said.
In the process, the water volume will increase, and there is potential for irrigating the inter-riverine area and generating electricity, he said adding that the entire canal will be in Bangladesh.

In reply to another question, he said Bangladesh has several advantages over India.

"It is mono-lingual even as a multi-ethnic society. So, there are fewer social conflicts (compared to India). It also traditionally has a culture of mutual support and toleration. The Baul-Fakiri tradition grew up there," he said.

The government of Prime Minister Sheikh Hasina has been far stronger and more proactive in dealing with religious conflicts there, Chakravarti said.

"Every time we hear of any atrocity on minorities, it is quickly followed by government action to prevent its spread and by civil society protests," he said.

Bangladesh has provided skill training and is exporting its manpower to the extent possible as they do not have enough land to live on, he said adding that West Bengal and many Indian states can take a cue from that.

 

bluesky

ELITE MEMBER
Jun 14, 2016
14,187
0
15,633
Country
Bangladesh
Location
Japan
When your enemy fondly praises your achievements on false pretenses, it is time that you ponder what is wrong with you.

Produce more foods, import less food from India, and save foreign exchanges in this way, and with this money, keep on enlarging the industrial base of the country. BD will become richer gradually throughout many decades this way.

With the present policy of non-manufacturing of industrial goods, BD will remain as poor as it is now and India will take advantage of the situation, and export more goods to BD.
 

UKBengali

ELITE MEMBER
May 29, 2011
19,515
7
24,167
Country
Bangladesh
Location
United Kingdom
Actually it already is a "Tiger" economy.

We are seeing pretty much the same level of industrial growth as we did in Taiwan/Korea in the 1970s/1980s.

BD economic growth will have a gentle slowdown over the next 12-18 months as the world grapples with the after effects of Covid-19 supply side problems and the Ukraine war, before resuming 7-8% per annum growth.
 

bluesky

ELITE MEMBER
Jun 14, 2016
14,187
0
15,633
Country
Bangladesh
Location
Japan
Actually it already is a "Tiger" economy.

We are seeing pretty much the same level of industrial growth as we did in Taiwan/Korea in the 1970s/1980s.
Read the link below to see a robust investment of only $1.31 billion that will increase production by only about $400 million per year, and you are telling BD is a tiger economy.


It is not even a mouse economy without investment in industries. How long you will remain uneducated in everything important for the country called Bangladesh? Learn the basics of the national economic development process.

Even with such vast farmland, the country remains a net importer of food from India. Very shameful.
 

PadmaBridge

FULL MEMBER
Jun 26, 2022
247
0
298
Country
Canada
Location
Canada
Read the link below to see a robust investment of only $1.31 billion that will increase production by only about $400 million per year, and you are telling BD is a tiger economy.


It is not even a mouse economy without investment in industries. How long you will remain uneducated in everything important for the country called Bangladesh? Learn the basics of the national economic development process.

Even with such vast farmland, the country remains a net importer of food from India. Very shameful.

You are right in that, strictly speaking, BD is not a tiger economy.

It’s not because of investment.

It’s because of the education and skills levels.

Thanks to the state of BD academia - it doesn’t have the ability to absorb any more investment.

BD has to make massive changes in education (which I have written about) to facilitate massive investment.

Our academics would rather be YouTube politicos than own up and fix the shit state of their profession.

Our academics should really be ashamed of themselves!!
 

my2cents

SENIOR MEMBER
Apr 8, 2011
4,419
-5
2,308
Country
United States
Location
India
When your enemy fondly praises your achievements on false pretenses, it is time that you ponder what is wrong with you.

Produce more foods, import less food from India, and save foreign exchanges in this way, and with this money, keep on enlarging the industrial base of the country. BD will become richer gradually throughout many decades this way.

With the present policy of non-manufacturing of industrial goods, BD will remain as poor as it is now and India will take advantage of the situation, and export more goods to BD.
Why don't you guys allow Indian companies to start manufacturing in your country? This will solve your import addiction for Indian products.
 

UKBengali

ELITE MEMBER
May 29, 2011
19,515
7
24,167
Country
Bangladesh
Location
United Kingdom
You are right in that, strictly speaking, BD is not a tiger economy.

It’s not because of investment.

It’s because of the education and skills levels.

Thanks to the state of BD academia - it doesn’t have the ability to absorb any more investment.

BD has to make massive changes in education (which I have written about) to facilitate massive investment.

Our academics would rather be YouTube politicos than own up and fix the shit state of their profession.

Our academics should really be ashamed of themselves!!


Education and skill levels are fine for where BD is now and this is absolutely not a way to define "Tiger" economy.


Like I have already written before, even doing nothing BD higher education will get better as primary and secondary education is mainly taken care of now and that will feed into better quality university graduates and eventually lecturers.

However reforms are required to bring BD higher education up to Indian standards over the next 20 years I can admit.

If you look at industrial growth and the industries and tech levels that BD has now, it is comparable to Taiwan/S. Korea of the 1970s/1980s and that is why it is a "Tiger" economy with investment levels of 32% of GDP. Compare with around 30% now for India, although it has been similar to BD over the last decade but with less efficiency.
 
Last edited:

ShoroterAkash

MEMBER

New Recruit

Jun 29, 2022
19
0
29
Country
Bangladesh
Location
United States
Chakravarti suggested India try to make Rupee a legal tender in the country as it is in Nepal and Bhutan so that the entire region can be treated, to an extent, as an integrated economic entity in terms of supply of essential services like food.
These sanghi creatures must be living on a different planet! How dare? Chutzpah indeed!
 
Last edited:

fallstuff

ELITE MEMBER
Nov 20, 2009
8,902
0
6,581
Country
Bangladesh
Location
United States
Published on 12:26 PM, July 09, 2022

Bangladesh, a future tiger economy? Indian diplomat thinks so​


bangladesh-transformative-journey.jpg

Star file photo
Star Digital Report

With broad-basing of its industrial sector, Bangladesh could well be the tiger economy of the future, according to former Indian diplomat Ambassador Sarvajit Chakravarti.

Bangladesh has given itself a roadmap - Vision for 2041 - aimed at ending absolute poverty and graduating into higher middle-income status by 2031 and becoming a developed nation by 2041, he said. The country is making progress in several social and economic sectors, he added.

From agriculture to pharmaceuticals and from shipbuilding to garments, Bangladesh's industrial base is diversifying and its exports are increasing, said Chakravarti, who had served as India's diplomat in Dhaka twice, in an interaction with PTI journalists in its office at Kolkata.

"Bangladesh has made excellent progress in education, healthcare and basic social services. I see Bangladesh as a future tiger economy," Chakravarti added.

However, he said, this is dependent on India for some food items such as wheat and lentils. Shortages in India often result in stalling of these exports to the detriment of people in both the countries, reports our New Delhi correspondent.

"From when (US Secretary of State Henry) Kissinger called it a basket case' in 1971 to a country that has exceeded India in per capita income (last year), Bangladesh has come a long way. It is justified that there is a lot of pride associated with Padma bridge and the international agencies that had refused to fund it are now congratulating Bangladesh on its completion, he said.

The Padma Bridge will considerably reduce travel time from India to Bangladesh, will boost tourism traffic and improve delivery services from both sides. It shows the positive effect increasing exports can have on a country's economy (by generating development resources), Chakravarti added.

Chakravarti suggested India try to make Rupee a legal tender in the country as it is in Nepal and Bhutan so that the entire region can be treated, to an extent, as an integrated economic entity in terms of supply of essential services like food.
As the connectivity between the two neighbours is increasing via rail, road and river routes, container trucks from Bangladesh can be allowed to move to Mumbai, Ahmedabad and other ports in western India to make its shipments to Europe easier, he said.

Now, Bangladeshi ships go to Europe via Colombo. The use of western Indian ports will cut that distance considerably, he said.
On the Teesta water-sharing issue, Chakravarti said Bangladesh has been "very kind" in not making it the central part of its relationship dialogue with India.

An agreement on Teesta has been steadfastly opposed by West Bengal Chief Minister Mamata Banerjee on the ground that it would affect the state's interest as there is not enough water to share on a guaranteed basis.

Chakravarti said the issue could be solved by linking Teesta and Jamuna in Bangladesh via a canal.

"My suggestion is to build a canal from there to the Teesta and re-circulate the water," he said.
In the process, the water volume will increase, and there is potential for irrigating the inter-riverine area and generating electricity, he said adding that the entire canal will be in Bangladesh.

In reply to another question, he said Bangladesh has several advantages over India.

"It is mono-lingual even as a multi-ethnic society. So, there are fewer social conflicts (compared to India). It also traditionally has a culture of mutual support and toleration. The Baul-Fakiri tradition grew up there," he said.

The government of Prime Minister Sheikh Hasina has been far stronger and more proactive in dealing with religious conflicts there, Chakravarti said.

"Every time we hear of any atrocity on minorities, it is quickly followed by government action to prevent its spread and by civil society protests," he said.

Bangladesh has provided skill training and is exporting its manpower to the extent possible as they do not have enough land to live on, he said adding that West Bengal and many Indian states can take a cue from that.


Pretty sleek diplomat !
Under all that sweet talking he is promoting Rupee to be accepted as a legal tender in Bangladesh and promoting Indias port as an alternative to Colombo.
 

UKBengali

ELITE MEMBER
May 29, 2011
19,515
7
24,167
Country
Bangladesh
Location
United Kingdom
Pretty sleek diplomat !
Under all that sweet talking he is promoting Rupee to be accepted as a legal tender in Bangladesh and promoting Indias port as an alternative to Colombo.


I did see those lines but who cares as he is generally right about BD economy.
 

fallstuff

ELITE MEMBER
Nov 20, 2009
8,902
0
6,581
Country
Bangladesh
Location
United States
I did see those lines but who cares as he is generally right about BD economy.
"Who cares", seriously ? Point is why would anyone in Dhaka give two hoots to his line of thinking ?
You know what happened when India was printing BD money ? It didn't go well for Mujib.

This is pretty complex issue that BD ( Hasina to be specific ) has no need to get into.
 

bluesky

ELITE MEMBER
Jun 14, 2016
14,187
0
15,633
Country
Bangladesh
Location
Japan
Why don't you guys allow Indian companies to start manufacturing in your country? This will solve your import addiction for Indian products.
I was talking about importing a huge quantity of food from India when BD itself has 21 million acres of rain-soaked farmland. With proper guidance, the country can grow food to an amount that it can export a few billion dollars worth of foods.

In comparison, Japan has only 8 million acres of farmland. It has one cultivation season and BD has two or more. BD has a very low production efficiency that should be improved.

This is BAL policy. Keep India happy and remain in power. However, things are changing. No more midnight voting by the BAL people and India declaring it a valid election.
 

UKBengali

ELITE MEMBER
May 29, 2011
19,515
7
24,167
Country
Bangladesh
Location
United Kingdom
"Who cares", seriously ? Point is why would anyone in Dhaka give two hoots to his line of thinking ?
You know what happened when India was printing BD money ? It didn't go well for Mujib.

This is pretty complex issue that BD ( Hasina to be specific ) has no need to get into.


If him speaking gets a little positive news for BD in Asia and around the world, then all good.

Hasina will just ignore the nonsense he wrote about BD using Indian ports etc.
 

Bilal9

ELITE MEMBER
Feb 4, 2014
22,298
4
34,294
Country
Bangladesh
Location
United States
Why don't you guys allow Indian companies to start manufacturing in your country? This will solve your import addiction for Indian products.

They are manufacturing (more like assembling) but govt. allows them to import sub-assemblies from India which is a semi-knocked-down (SKD) assembly scenario. Too little value added by just turning a few screws.

This should be completely-knocked-down (CKD) assembly scenario at a MINIMUM.

Ideally Indian manufacturers should source parts made locally - which they don't.

Indian parts mfrs. need to come in as well to make parts locally which is fine. They can set up CNC operations and go into basic manufacture from scratch using even manual machining using lathes. As long as they employ local labor I have no issues with this.

Govt. needs to clamp down and place tariffs on CKD and the gradually on SKD components and sub-assemblies imported.

IMHO this is happening too slowly, our Govt. is no doubt being influenced by certain quarters to "pump the brakes" and pursue "dheerey chalo" principle - just so some of our importers and some of their overseas exporter partners in certain countries benefit.

"Who cares", seriously ? Point is why would anyone in Dhaka give two hoots to his line of thinking ?
You know what happened when India was printing BD money ? It didn't go well for Mujib.

This is pretty complex issue that BD ( Hasina to be specific ) has no need to get into.

Eibar buijha lon hokkoley, ke India'r chamcha. :-)

Othoba false-flagger fifth columnist....:rolleyes:

By the time a container lorry goes from Dhaka to Mumbai port, our local Bangladeshi container ship from either Mongla Port or from Chittagong Port would have passed the SUEZ canal and would be near the EU port of Trieste in Italy or any port in Spain.

Chittagong port passed 3 Million TEU yearly mark two years ago. Which means it processed more containers than all Eastern Indian ports combined. Chittagong is bested in India only by JNPT in Mumbai and Adani further North and those ports are far bigger in scope and operation as suits a large country like India.

Once Chittagong is expanded (massive plans afoot) and Mongla comes online (helped by Padma Bridge) no port in India can challenge Bangladesh port processing capacity especially for containers.


Indian ports in the East have been given to overseas port operators (like S'pore Ports) and even then they can't run these ports properly.

So the wet dream of this diplomat about Bangladesh container traffic helping Indian ports develop their operations is just that - a dream.

I remember some years ago, Kolkata port people came begging to the business chambers in Dhaka so we could use their port.

All I have to say is "stick to your own country" with port operations. This kind of thing doesn't work intra-border with all the Indian red-tape.

Ekdikey "termite" boila gali marey, abar onnodikey container-charge er bhaga chai.

Our container ships now go directly to the EU - they don't stop in Colombo even.

Shilling for India, when even most Indians don't want our lorries on their roads.

And Indian Rupee as local tender in Bangladesh. Rightttt !! :lol:

Indian Rupee has taken a nosedive already in the last two years, why would we link to that??

I'd much rather link it to the Renminbi/Yuan. Which is going to be the sovereign currency sometime in the future.
 
Last edited:

bluesky

ELITE MEMBER
Jun 14, 2016
14,187
0
15,633
Country
Bangladesh
Location
Japan
IMHO this is happening too slowly, our Govt. is no doubt being influenced by certain quarters to "pump the brakes" and pursue "dheerey chalo" principle - just so some of our importers and some of their overseas exporter partners in certain countries benefit.
The beneficiaries in BD are all BALSAL chamcha like @UKBengali.
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Top Bottom