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Originally Posted by One World
I dont know why trading with India gives me a sheer vibration inside. As I always find India is interested to do business with our gas and energy sector. Something very crucial indeed. They dont want to take part in garments, industrial development, food, medicine or IT. All concern for energy sector for which BD already have top class countries fighting for a place. Trust is a rarity now-a-days and India never been trustworthy for 36 years of independence. Truth is uglier than fiction and the ugly sustains.
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Not defending India or Indians, but talking in terms of business sense:
just to point out, for medicine, many Indian generic drug manufacturers have been somewhat active in relocating production to bangladesh in light of India's SLUGGISH patent and intellectual property law revisions.... and the fact that under WTO rules, BD has till 2016 to create knock off drugs and medicines without falling into any Western trade protection laws.
For Garments, Sri Lankan and Pakistani investors are more active in BD. India itself has an internally vibrant and competitive garments industry. It probably doesnt make sense for them to move out of India.
Whats to invest in food for? BD imports more indian foodstuffs than anything. To say that they arent trading with BD isnt accurate. Until Bangladesh infrastructure can provide the same or lower costs, with as reliable transport, communication, and production infrastructure, it really is asking much for say Lays to produce potato chips with imported potatoes and then export them to say, Cochin.
As for IT... Bangladesh does not have as large a pool of workers as India does. Informatics, IBM-ACE, Aptech all opened those IT training schools around Bangladesh, but to follow up there really hasnt been employment creation of the sorts there are in New Delhi, Bangalore, Chennai and Mumbai from the likes of say Wipro. For tech support bangladesh lags behind because of English skills... sorry if it hurts our egoes, but Indian education equips their students with better conversational and business english than Bangladesh does... just listen to their Intermediate level pass cricketers speak in post match sessions and shows. And still American and British customers have a grand bitching session on the "stupid Indian call centre guy" often enough.
A lot of these issues comes about from Bangladesh not having the necessary infrastructure and the administrative costs that arise from cross-border operations. Indian market is still low cost and best served from within India, than from Bangladesh. And after having 1 billion people it shouldnt come as a surprise that most multinationals in BD report to the regional headquarters in India than directly to the HQ in Europe or America.
Regarding Energy though: both China and India are out to get their hands on whatever resources are out there in the world. India has suddenly become very active investor in Myanmar (burma) and with Iran... while China is also courting Myanmar and many African countries. Energy security is one of the big things these two countries are trying to catch up on from Markets that the Americans have put embargoes on.