Riding on RMG, $37b export goal set for 2016-17

[gslv mk3]

http://www.thedailystar.net/business/walton-made-bangladesh-150850
According to this article local brand supply around 80 percent refrigerator in BD.
http://www.risingbd.com/english/Bangladesh_self-sufficient_in_fridge_production/17140
http://www.bssnews.net/newsDetails.php?cat=0&id=415080&date=2014-06-06
According to this article, 12-13 lakhs tv set produced in BD while import was only 2 lakhs in 2014.

Most of these articles look like advertisements. Aren't there any reports from indusrial bodies etc ? Anyway, I take your word for it.

 

[Homo Sapiens]

Most of these articles look like advertisements. Aren't there any reports from indusrial bodies etc ? Anyway, I take your word for it.

Not advertisement but from reputed newspaper.Daily star is the most reliable english daily in BD,while BSS is the main news agency of our country like PTI for India.

 

[Nilgiri]

Do you even know the difference between enrollment and graduated population? Idiot!

And here is the quality of Indian education,

"As per data, 50% graduates do not hold skill or eligibility to do any professional job. Moreover, the industry experts believe 80% engineering graduates are not fit for any job in industrial sector. Even engineering students are not aware about the basics of their trade. Whenever they go to seek job with their certificates, the companies put them on one to two years of job training,"
50% Indian graduates unemployable: Education minister



Don't know how much you get paid but you seem to have a loooot of free time, comparable to our maid!

Like I said Bangladesh figures for its "graduates" amount to nothing given the quality of its universities (have you seen your rankings - pathetic!). I mean has such an employability study even been done in Bangladesh....given 500,000 Indians work in Bangladesh given Bangladeshis seem to have some huge deficit in professional work?

What you think a degree from IIT is worth compared to some university in Dhaka no one has heard of that is the best Bangladesh can offer?

Besides here are the UNESCO numbers for quantity of graduates produced when standardised (unlike WEF which just uses what an individual country counts as tertiary which leads to apples being compared to oranges):

http://data.uis.unesco.org/index.aspx?queryid=162

Bangladesh graduating about 330,000 from tertiary education per year (2014).

India graduating about 8.8 million graduates per year (2012).

I'll let you figure out what this amounts to in per capita terms if you can handle that math.

Even with 50% employability and assuming 100% employability for Bangladesh (which is a big stretch in the imagination but lets go with it for arguments sake)....the numbers still suggest we produce more employable graduates than you per capita each year.

The employability crisis is actually a pretty global phenomenon. In the west, huge amounts of graduates from university struggle to get a job in what they invested for their degree.

It would be fair to say Bangladesh suffers from such too, just no one within the country or outside it cares to study or analyse what the level of it is.....but the aforementioned 500,000 professionals from India in Bangladesh suggest its pretty terrible indeed.

 

[Species]

Like I said Bangladesh figures for its "graduates" amount to nothing given the quality of its universities (have you seen your rankings - pathetic!). I mean has such an employability study even been done in Bangladesh....given 500,000 Indians work in Bangladesh given Bangladeshis seem to have some huge deficit in professional work?

What you think a degree from IIT is worth compared to some university in Dhaka no one has heard of that is the best Bangladesh can offer?

Besides here are the UNESCO numbers for quantity of graduates produced when standardised (unlike WEF which just uses what an individual country counts as tertiary which leads to apples being compared to oranges):

http://data.uis.unesco.org/index.aspx?queryid=162

Bangladesh graduating about 330,000 from tertiary education per year (2014).

India graduating about 8.8 million graduates per year (2012).

I'll let you figure out what this amounts to in per capita terms if you can handle that math.

Even with 50% employability and assuming 100% employability for Bangladesh (which is a big stretch in the imagination but lets go with it for arguments sake)....the numbers still suggest we produce more employable graduates than you per capita each year.

The employability crisis is actually a pretty global phenomenon. In the west, huge amounts of graduates from university struggle to get a job in what they invested for their degree.

It would be fair to say Bangladesh suffers from such too, just no one within the country or outside it cares to study or analyse what the level of it is.....but the aforementioned 500,000 professionals from India in Bangladesh suggest its pretty terrible indeed.

You have a serious comprehension issue, really! Understand the difference between graduates per year and the total graduated population in a country. And according to WEF, the % of tertiary educated population compared to total population is 11% for Bangladesh and 6% for India. Now we already know the quality of education in India, the less said the better.

All these international organizations rely on national data, be it WEF or UNESCO. And the report of WEF is the latest so any person with a minimum sense will go with WEF.

Those 500,000 (or even more at present) Indians in Bangladesh are illegal immigrants involved in menial jobs.

 

[Nilgiri]

Understand the difference between graduates per year and the total graduated population in a country.

If India has consistently graduated more than 20 times (and more) each year....or about 3 times per capita....how do you get a higher number of graduates prevalent in Bangladesh genius other than changing the definition of what tertiary education is? Use some common sense and look at the WEF dataset XLS available for download. Does it have any source data for the graduates number? There is no mention of it in the physical report either. WEF seems to have taken some BBS "official" number as verbatim for thematic presentation outside of the report...and we all know how good BBS is

If you actually bothered to read the WEF report you would have come across the actual data they have within it containing higher education and training metrics:

For Bangladesh:

For India:

http://www3.weforum.org/docs/gcr/2015-2016/Global_Competitiveness_Report_2015-2016.pdf

Those 500,000 (or even more at present) Indians in Bangladesh are illegal immigrants involved in menial jobs.

Not what your own people say:

http://www.thedailystar.net/controlling-remittance-outflow-to-india-58831

Bangladeshis generally do menial jobs in India and contribute to the economy through hard work in exchange for meagre wages, whereas most Indians are gainfully employed in attractive jobs in Bangladesh, earning handsomely and remitting millions of dollars to India.

Now go have a cry about it.

I mean 500,000 Indians or so remit 3.7 billion USD from Bangladesh.

Compare that to nearly 10 times (and probably more) the number of Bangladeshis in India managing to remit only about 50% more in total amount from India.

The quality and nature of work is quite apparent.

@gslv mk3 what is the best estimate for total number of bangladeshi legals and illegals working in India anyway?

 

[bluesky]

I mean 500,000 Indians or so remit 3.7 billion USD from Bangladesh.

Compare that to nearly 10 times (and probably more) the number of Bangladeshis in India managing to remit only about 50% more in total amount from India.

1) 500,000 is the Bank of India data. No one really knows how many Indians are really in BD.
2) Many of our Hindus remit money to their kin in Kolkata. So, the total value of remittance goes higher.
3) Bangladesh Bank data does not state that India is a source of remittance by the BD citizens. It proves there is no BD citizens in your Bombay slums. These are all-Indian ghettos.

 

[Nilgiri]

500,000 is the Bank of India data.

Source? Its just an estimate by you Bangladeshis....I run with it since no one else had made one. And you Bangladeshis admit that Indians take good jobs in your country only because of your crap education standards:

http://www.thedailystar.net/controlling-remittance-outflow-to-india-58831

Bangladeshis generally do menial jobs in India and contribute to the economy through hard work in exchange for meagre wages, whereas most Indians are gainfully employed in attractive jobs in Bangladesh, earning handsomely and remitting millions of dollars to India.

2) Many of our Hindus remit money to their kin in Kolkata. So, the total value of remittance goes higher.

Good, along with what our professionals extract from you directly, this along with the trade deficit helps to pay for the disgusting Bangladeshi illegals that we have to host in the millions plus a good profit on top.....call it a border monitoring/enforcement tax + eternal remuneration for liberation.

Bangladesh Bank data does not state that India is a source of remittance by the BD citizens. It proves there is no BD citizens in your Bombay slums. These are all-Indian ghettos.

Bangladeshis prefer to send by unofficial channels like Hawala since they are illegals in the first place.

http://www.ilo.org/wcmsp5/groups/pu...o-dhaka/documents/publication/wcms_306403.pdf

2.1.2 Remittance flows through illegal channels Besides legal channels, a significant portion of remittance comes to Bangladesh through informal and illegal channels. Sometimes this is referred to as “underground banking”. Underground banking is a generic term used to describe any informal banking arrangements that run parallel to formal banking activity, but generally independent of the formal banking system. The combination of geographic diversity and the multiple types of underground banking systems make them attractive for illegal activities and difficult for regulators to control (McCusker, 2005). However, it is also argued that underground banking is a rational choice for money transfers, as it has the same structure and operational characteristics as the formal banking sector without any of its attendant bureaucracy or external regulatory scrutiny (Wilson,2002).

Illegal or alternative remittance sent in the form of hundi (or hawala, as it sometimes known) is not permissible in Bangladesh. This illegal mechanism not only perpetuates an illegal inflow of remittance into Bangladesh, but also facilitates an illegal transfer of local funds and resources abroad. An accurate measure of total remittance sent through illegal channels has not yet been made. However, several estimates have been made with valid methodologies.

According to the World Bank (2006), 54 per cent of remittances were transmitted to Bangladesh through informal channels. A study conducted by the International Monetary Fund (and quoted in Bangladesh Enterprise Institute, 2007) estimated that from 1981 to 2000 the share of private remittances through unlawful channels was 59 per cent of the total. Another study conducted by Siddiqui and Abrar (2003) reveals that in Bangladesh, 46 per cent of the total volume of remittance are channeled through lawful institutions, 39 per cent through hundi, 5 per cent through friends and relatives, 8 per cent of the total hand-carried by migrant workers themselves when they visited home, and 2 per cent through other mechanisms.

According to the Bangladesh household remittance survey 2009, 82 per cent of remittance was received through formal channels, while the remaining 18 per cent was sent through informal channels (IOM, 2010). However, the report also concluded that the portion of remittance sent through informal channels was somewhat underreported in the survey due to the “invisible nature of the transfer and sensitivity”.

This International Organization for Migration (IOM) report also states that there is no significant gap in the proportion of remittance sent through formal and informal channels by sex of the remittance sender. According to Barai (2012), migration to India is not recognized in Bangladesh because of the political sensitivity of the issue and the illegal routes used by people for crossing the border; thus, remittances from Bangladeshi’s working in India most likely follow unlawful routes. A number of the key informants for this study also argued that the amount of remittance sent through illegal channels is currently in the range between 30 to 40 per cent of total remittance, but definitely not more than 40 per cent.

11 As mentioned above, in the 2012–13 fiscal year, the remittance sent to Bangladesh by migrant workers through lawful channels was US$14.46 billion. But that figure may only represent 60–70 per cent of all remittances if estimates of the amount of remittance that reaches Bangladesh through unlawful remittance channels are taken into account. Public and private sector bank officials also believe that the official remittance figures, obtained through the Bangladesh Bank, which capture all transfers through lawful channels, underestimate the magnitude of remittance transfers by 30–40 per cent However, focus group discussions with migrant workers who are returning or have already returned suggest that the use of illegal channels for sending remittance has been on a downward trend. As time progresses, it appears that better accessibility to the overseas branches of Bangladeshi public and private sectors banks or the exchange houses of Bangladeshi banks has helped increase remittance transmission through legal channels, which in turn, proved effective in reducing the tendency to send remittance through illegal channels. In addition, Bangladeshi banks and exchange houses have strengthened their marketing strategies and expanded their networks abroad in order to attract more remittance business. The newly passed Prevention of Money Laundering Act, 2012, also sparked fear among remittance senders regarding the use of informal channels. These factors together have proved effective in reducing the tendency to send remittance through illegal channels. In recent years, illegal transfers of money have been a focus issue for many countries, including Bangladesh. The Prevention of Money Laundering Act, 2012, prohibited the sending of remittance through hundi, which is used by many migrant workers. But policy-makers need to be very cautious and careful about the implementation of this Act, considering the purpose of the remittance sent, as well as basic labour and human rights issues. The key elements of the Prevention of Money Laundering Act, 2012, are shown in Box 2.1.

----------------------------------------------------------------------------------------------------------------------------------------------

Whereas our workers in Bangladesh can send through banks since they are there in good paying jobs and legally....along with the Bangladeshi Hindus, our watchers among you along with friends SHW and BAL.

You are better off not arguing with me on this topic as it seems you have not done any basic research. I have posted many times on this issue and can bring more resources from previous threads if you persist.

There is a glaring stark difference in the nature of migration from Bangladesh to India and vice versa on account of average consumption per person in India being double that of Bangladesh combined with the much larger economies of scale and wealth opportunities in India. Its really that simple.

 

[bluesky]

BD posters should stick to the original theme of this and other threads. Paid Indians have been infused here to derail any positive threads in the PDF. They are so worried of BD continuous progress that they want to derail it. But, since Indians cannot control our progress, they are creating confusion and doing derailing.

 

[UKBengali]

BD posters should stick to the original theme of this and other threads. Paid Indians have been infused here to derail any positive threads in the PDF. They are so worried of BD continuous progress that they want to derail it. But, since Indians cannot control our progress, they are creating confusion and doing derailing.

The amount of time that this @Nilgiri guy spends on here suggests that he is either unemployed or he is being paid to come here and write nonsense about BD.

He keeps up this rubbish of Indians consuming twice as much as BD'shis but then cannot explain why the average BD citizen lives 3 years longer than an Indian with a logical answer.

 

[Homo Sapiens]

He keeps up this rubbish of Indians consuming twice as much as BD'shis but then cannot explain why the average BD citizen lives 3 years longer than an Indian with a logical answer.

Hunger is more prevalent in India then Bangladesh.Their 90 percent states have caloric intake lower than BD.They wear fata dhoti without any upper garments.Sixty percent of them defecate in open places.Lower life expectancy indicate worse health care facilities at grass root levels.400 million of them are untouchable dalit living in a most inhuman condition.Have to dole out rice at 2 ruppe per kg to the 850 million poor Indian.With these staggering statistics in place, bharati hanuman in this forum have the audacity to claim of twice consumption.May be consumption of weed they are so fond of.

 

[bluesky]

He thinks Bangladesh has significant industries that it has developed since the last base year snapshot that there will be a base year phenomenon like what India saw (on top of GVA). They literally think anything that happens for India will automatically apply to Bangladesh to keep their dreams alive.

Method? You are a basket case reliant on just one "industry" which makes you extremely econmically vulnerable:

http://www.un.org/en/development/desa/policy/cdp/ldc/ldc_criteria.shtml

And you boast other people's generosity and looking down upon you as a big achievement while we only reserve that for when we accomplish something that matters (like say launching a satellite to Mars....probably something Bangladesh wont achieve in your lifetime).

You put all your eggs into one basket and think no one will ever drop a hammer on it. And we are simply talking about exports here, India's own RMG has focused more on its domestic consumption given the tariff advantage puny LDCs enjoy (so they can afford a plate of rice per person)

https://defence.pk/threads/will-mod...-bangladesh-rmg-industry.436461/#post-8413994

We will start pulling the one rug you have from under your feet....while you are too weak and poorly educated and under-invested to pull any of the several rugs we have from under ours.

For example how many cars does Bangladesh make in a year? Does it challenge what India makes in just one day?

Seems your Indian brain cannot understand the national development process of a country. BD must concentrate on a few industries only, make it efficient, earn money/foreign currency, build up the national capital, and then start diversifying in other fields.

Do not shed crocodile's tear for BD. Let India do in its way, we do our way. We have no apology for our less achievement. But, it should not make you jealous that within the next decade we will catch with Indian industries, seriously.

 

[UKBengali]

Seems your Indian brain cannot understand the national development process of a country. BD must concentrate on a few industries only, make it efficient, earn money/foreign currency, build up the national capital, and then start diversifying in other fields.

Do not shed crocodile's tear for BD. Let India do in its way, we do our way. We have no apology for our less achievement. But, it should not make you jealous that within the next decade we will catch with Indian industries, seriously.

He probably half understands but like you say he could be paid to come here and rubbish BD.

BD is now building the major infrastructure like huge powerplants, railways and 4-laning the major highways and so we will soon be ready to start the construction of heavy industry like steel and car-plants. This is all part of the BD plan to industrialise BD in stages.

 

[Nilgiri]

Seems your Indian brain cannot understand the national development process of a country. BD must concentrate on a few industries only, make it efficient, earn money/foreign currency, build up the national capital, and then start diversifying in other fields.

Do not shed crocodile's tear for BD. Let India do in its way, we do our way. We have no apology for our less achievement. But, it should not make you jealous that within the next decade we will catch with Indian industries, seriously.

So don't complain about being on LDC list. GDP PPP consumption is just one small factor in its calculation. Bangladesh economic vulnerability is still extremely high.

You dont have a "few" industries of suitable scale. You have just 1 (and a very basic one). You are trying to develop a few now....its going to take many many years and the real test will be to see just how reliant you remain on 500,000 Indian expats.

Their 90 percent states have caloric intake lower than BD.

No source as usual.

I know your lot are so butthurt about the World Bank declaring Indian consumption based poverty rate (i.e largely food/calorie intake-based) to be much lower than estimated before....and definitely a lot lower than Bangladesh:

http://pubdocs.worldbank.org/en/109701443800596288/PRN03-Oct2015-TwinGoals.pdf

.Have to dole out rice at 2 ruppe per kg to the 850 million poor Indian.

We got rice to dole out in the first place....unlike Basket-desh, a LEAST developed country.

 

[TopCat]

So don't complain about being on LDC list. GDP PPP consumption is just one small factor in its calculation. Bangladesh economic vulnerability is still extremely high.

You dont have a "few" industries of suitable scale. You have just 1 (and a very basic one). You are trying to develop a few now....its going to take many many years and the real test will be to see just how reliant you remain on 500,000 Indian expats.
.

Ya BD economy is solely depend on US federal Quantitative Easing.

 

[idune]

Not advertisement but from reputed newspaper.Delhi star is the most reliable english daily in BD,while BSS is the main news agency of our country like PTI for India.

The Delhi (daily) Star is most reliable source of lie in Bangladesh; run and operated by india from behind.

These Awami chaprashis are advertising delhi star figure just as feel good proppaganda campaign when UK, Germany, Italy; major EU buyers are reducing activities and already shut down air cargo from Bangladesh. Besides, out of these inflated delhi lie figure how much Bangladesh actually receives after (import of machinery, cloths, materials and shipping cost etc.) not even 30% of total figure. Even out of this 30%, more than 20% are left in foreign country by Awami chetona business owners and never get back in Bangladesh. So actual figure that add to Bangladesh economy is not that much. BUT these indo Awami dalal class are in propaganda mission.

Real money that lifted Bangladesh economy was remittance and Awami League with help from india killed that golden goose and now in severe decline.