Industrial achievement is very low in BD. This thread is all about mobile phone assembling and manufacturing its parts. On the other hand, IT is a service sector and is different from the manufacturing of things. I will not discourage advancement in the IT sector. But, this sector cannot really provide many million jobs to the population.More evidence as to how BD is diversifying away from garments.
IT outsourcing by domestic companies in BD has surpassed 1 billion US dollars - per capita slightly ahead of India right now.
Now please can you stop repeating that BD does not have any industry or strategy to build it up?
Look at India, IT is 7.7% of GDP, yet only a few people are employed in this sector. BD needs the manufacturing base (not neglecting ICT) because this sector only can create jobs that will raise the standard of living of the entire population.
We should not follow bad and unsuccessful Indian examples. We should follow examples of other successful countries like Japan, Korea, Taiwan and now China. All these countries started with textiles and moved to manufacturing one after another.
Probably, Vietnam is trying to emulate these countries and I believe, as the years go on, its manufacture as a percentage of GDP will rise. Since BD lacks innovation and technology, therefore, it may have to depend upon many more FDIs. It is the same as in Vietnam.