Is it the administration or public opinion in India that is not desirous of good relations with Bangladesh? I find this strange considering India played such a pivotal role in the formation of Bangladesh. As for military procurement, I consider this to be a lesser priority for any nation particularly a nation like Bangladesh that is still in its infancy. In the absence of an immediate threat I’d much rather the money was invested on internal development instead of it being spent on purchasing military hardware from a foreign arms manufacturer. Of course the prospect of using this money to build a defense industry in Bangladesh is much more enticing. At least you are creating jobs and developing an infrastructure for future business opportunities.
Trust me, myself or any other person living in Pakistan or Bangladesh.
We'd like for our countries to entirely focus on our economies and on the well-being for our people.
But the fact of the matter is, it's just not possible, Bangladesh MUST maintain a credible deterrence in order for it to not be pushed around or treated like a vassal state by India.
Every big country or regional power desires to project it's power across the region or atleast across her own borders, and Bangladesh is often the victim of India's powerplay.
I personally think Bangladesh's policy should focus on a deterrence that would make India think a second before trying to do something stupid on Bangladeshi soil, while at the same time, increasing and continuing to develop her economic infrastructure.
Same goes for Pakistan, it would've been an Israel-Libanon or Israel-Gaza like situation if it wasn't for Pakistan to have a minimum amount of deterrence to keep India out.
The people representing Bangladesh in the government simply have no choice but to make good and sometimes expensive strategic purchases, afterall, what's 4-5 % economic growth worth for years if Bangladesh's infrastructure was destroyed or the Indian army marched straight into their country?
What would be better, to sustain a slightly lesser growth and at the same time being able to defend your country, or to give up one and go for another.
Pakistan and Bangladesh are masters at using what is at their disposal, even with the minimum amount of money they are able to do something to ensure their survival, and these countries have my utmost respect for that, both my own country Pakistan and our neighbour Bangladesh.