BD is not awash with FDI companies. It has shortage of them. Instead of investing abroad, it needs many FDI companies with experience, technology, machines, production lines and markets abroad. BD can only provide them some other important input:
- a piece of land to build factories or workshop in the EPZ
- electricity (we have ample now)
- access roads to the factories
- water (piped or underground) supply
- telephone/fax and Internet lines
- cheap labors and
- access to the local market
It is not time for our companies to invest abroad. Actually, we do not have companies like Reliance, Birla or TATA. The GoI allowed many of them to take out the Capital in dollars that resulted in the hollowing of the local economy. People in India are employed or underemployed. We should not follow the Indian example of putting the cart before the horse. A company must invest in the country to enrich it.
This is completely different from Japanese policy. Historically, they neither encouraged FDIs nor investment abroad by their companies unless forced by the Americans/Europeans. Even today, Japan discourages foreign car/truck companies to invest in Japan. There is not a single foreign car manufacturer in Japan. All those BMW, Benz, Chrystler or Volkwagon cars are imported.