Bangladesh’s exports to India can reach $ 10b

[ebr77]

Bangladesh needs to diversify its industries if it wants to increase exports to India.

There is only so much cheap Bangladeshi chaddi baniyans which us third world Indians can buy

I think one of the main problem is Indian consumers not used to using Bangladeshi products.

 

[Joe Shearer]

apart from usual mud slinging and rants... seriously what goods can you ppl say BD manufactures at competitive prices and has pretty good quality ?

Have seen pran commercial on indian channel!


cosmetics detergents soaps food products . Today saw a report on furniture export. They said, as production cost in china increased, people heading towards Bangladesh.... One of the major export destination for furniture is India..... Also seen otobi furniture commercial on indian channels.

Plastics, Ceramics, Melamine, Float Glass

All those product classes I mentioned are of very high quality (thanks to high quality raw materials, imported equipment and machinery, strict quality control and euro-american technology).

Bangladesh produces very high quality bone china, excellent furniture, and a wide range of building materials. Its textiles are outstanding, and no serious effort has been made to promote these systematically, with any kind of segmentation, to the Indian market. There is a young but vigorous multi-media industry with enormous potential for servicing the constant hunger for content in the Indian media, specifically, the entertainment media (costs are 15% lower than in India). Its IT skills are comparable to India or to Pakistan, but, as mentioned, costs remain competitive. Opportunities to convert their burgeoning talent are immense; it is unfortunate that these opportunities are so often the target of lunatics who see everything through religious filters.

 

[fallstuff]

The Indian high commissionar should try other methods, these cheap stunts are just worthless BS. He is not an imbecile. He is trying sell BD folks how BD people can export $10 billion to India. He will also say to get their BD gotta jump through hoops and run around blocks about 5 times. In other words it will be a wild goose chase.

Next time he opens up his blow hole with this kind of scheme someone should stick a sock in there.

 

[Joe Shearer]

The Indian high commissionar should try other methods, these cheap stunts are just worthless BS. He is not an imbecile. He is trying sell BD folks how BD people can export $10 billion to India. He will also say to get their BD gotta jump through hoops and run around blocks about 5 times. In other words it will be a wild goose chase.

Next time he opens up his blow hole with this kind of scheme someone should stick a sock in there.

One could think of a number of places where sticking a sock would do a world of good. The blowholes (thank you for sharing that elegant expression with us) of lazy people who are not willing to pick up their socks and actually work to develop a market other than by depending on quotas would be a very good place to start.

 

[jaunty]

I think one of the main problem is Indian consumers not used to using Bangladeshi products.

I don't think that would cause any problems, Indian consumers don't consider Bangladesh as an enemy, on the contrary, most Indians see Bangladesh as a friendly country, so if the products give good value for money people would buy them and get used to them.

 

[fallstuff]

One could think of a number of places where sticking a sock would do a world of good. The blowholes (thank you for sharing that elegant expression with us) of lazy people who are not willing to pick up their socks and actually work to develop a market other than by depending on quotas would be a very good place to start.

The $10 billion is the dangling carrot, reminiscence of the billion dollar transit fee fiasco.

BD has to do whole bunch of favours to India now, to attain this sales number at some point in time if at all it ever happens.
This guy shouldn't try this kind of BS anymore, it kinda stinks.

 

[Joe Shearer]

The $10 billion is the dangling carrot, reminiscence of the billion dollar transit fee fiasco.

BD has to do whole bunch of favours to India now, to attain this sales number at some point in time if at all it ever happens.
This guy shouldn't try this kind of BS anymore, it kinda stinks.

Let me explain some fundamentals.

These are opportunities to trade, not grants. Nobody is doing anybody else a favour. If there is a high volume of trade, there I'll be a high volume of profits: nobody trades at a loss. If Bangladeshi businessmen move forward and seek to carve out markets in India, they will find it easier than ever before; these various measures are intended to attract attention, whet curiousity and motivate people to put in the effort to crack the vast market that India represents.

Nothing will fall into the laps of anyone; results have to be sought through hard work and intellectual engagement with the problem. The Indian market has baffled even the best companies from elsewhere - European, American, Japanese, the lot. Those who adapted to the difficult realities of the Indian market harvested great wealth. Others did not survive.

It is entirely up to Bangladeshi businessmen whether they can meet and overcome the challenges ahead.

 

[fallstuff]

Let me explain some fundamentals.

These are opportunities to trade, not grants. Nobody is doing anybody else a favour. If there is a high volume of trade, there I'll be a high volume of profits: nobody trades at a loss. If Bangladeshi businessmen move forward and seek to carve out markets in India, they will find it easier than ever before; these various measures are intended to attract attention, whet curiousity and motivate people to put in the effort to crack the vast market that India represents.

Nothing will fall into the laps of anyone; results have to be sought through hard work and intellectual engagement with the problem. The Indian market has baffled even the best companies from elsewhere - European, American, Japanese, the lot. Those who adapted to the difficult realities of the Indian market harvested great wealth. Others did not survive.

It is entirely up to Bangladeshi businessmen whether they can meet and overcome the challenges ahead.

Perhaps you are not familiar with " Selling the Brooklyn Bridge to the highest bidder" analogy.

Recent history speaks volume about Indian duplicity.

 

[scholseys]

Let me explain some fundamentals.

These are opportunities to trade, not grants. Nobody is doing anybody else a favour. If there is a high volume of trade, there I'll be a high volume of profits: nobody trades at a loss. If Bangladeshi businessmen move forward and seek to carve out markets in India, they will find it easier than ever before; these various measures are intended to attract attention, whet curiousity and motivate people to put in the effort to crack the vast market that India represents.

Nothing will fall into the laps of anyone; results have to be sought through hard work and intellectual engagement with the problem. The Indian market has baffled even the best companies from elsewhere - European, American, Japanese, the lot. Those who adapted to the difficult realities of the Indian market harvested great wealth. Others did not survive.

It is entirely up to Bangladeshi businessmen whether they can meet and overcome the challenges ahead.

You don't know what you are talking about. Bangladesh businesses cannot compete in India due to the fact that india's bank interest rate is 8% and ours is 11%. We can't compete with india in india, where else our government has given india the free ride to dump their goods in Bangladesh and our businesses cannot compete with them due to that. This is the reason of the huge trade deficit with india.

 

[ebr77]

I don't think that would cause any problems, Indian consumers don't consider Bangladesh as an enemy, on the contrary, most Indians see Bangladesh as a friendly country, so if the products give good value for money people would buy them and get used to them.

Lol mate, that's what economy is about some.

 

[idune]

The Indian high commissionar should try other methods, these cheap stunts are just worthless BS. He is not an imbecile. He is trying sell BD folks how BD people can export $10 billion to India. He will also say to get their BD gotta jump through hoops and run around blocks about 5 times. In other words it will be a wild goose chase.

Next time he opens up his blow hole with this kind of scheme someone should stick a sock in there.

You pretty much summed it up - indians never fail to leave their trademark on deceptive scheme.

Let me explain some fundamentals.

That is where BS alarm start ringing.

 

[Joe Shearer]

Perhaps you are not familiar with " Selling the Brooklyn Bridge to the highest bidder" analogy.

Recent history speaks volume about Indian duplicity.

No, I am not familiar with the Selling the Brooklyn Bridge to the highest bidder analogy.

If you mean the age-old confidence trick where a trickster tries to sell the Brooklyn Bridge to a stranger who is not aware that the structure is public property, it is difficult to see the connection.

There is a trade opportunity. Bangladesh has to invest nothing, she has to pay nothing. There is no tangible product to buy.no Brooklyn Bridge, no stranger with a lot of money. If you wish to impress us with your grasp of American English idiom, do go into the idiom first, and get it straight.

It is still not clear what deception is being practiced on Bangladesh.

You don't know what you are talking about. Bangladesh businesses cannot compete in India due to the fact that india's bank interest rate is 8% and ours is 11%. We can't compete with india in india, where else our government has given india the free ride to dump their goods in Bangladesh and our businesses cannot compete with them due to that. This is the reason of the huge trade deficit with india.

The bank rate of interest can be relevant only when there is a question of holding goods in inventory. There is nothing preventing a Bangladeshi exporter from working through Indian partners who will hold goods for them. For that matter, I wish you could tell me which bank will give me money at 8% pa, considering that they pay senior citizens 10%, against the normal 9%, and generally work on a minimal spread of 2%. They are not charitable institutions.

If you are referring to the high cost of capital being built into product costing, hence influencing price, surely in such a case the solution is to buy cheap,add value and sell dear. Even given country of origin restrictions, if what you fear is true, there is a case for buying from India to add value and sell elsewhere.

If there is no way costs in Bangladesh will allow selling to India, and nobody wants to earn money by conversion of cheap goods to more expensive ones, it is difficult to understand how the situation will be different in other cases. Will Bangladesh be able to trade with an even more competitive economy, and make money? I ask because of the frequent calls for trade with China. If you cannot trade with poor little India, how will you prevail against the 800-lb gorilla?

That is where BS alarm start ringing.

You have my sympathies. It must be inconvenient to go through the entire day with a ringing sound in your ears.

Perhaps you should shift to reading comics instead.

 

[rcrmj]

it is very unlikey that India will remove all the barriers, because BD has many advantages in terms of manufacturing compared to India like lower cost, more open economy, so if India removes all barriers their trade deficit will become more disturbing than it is now``

 

[faizahmad]

What is the probability that baniyyas will withdraw the trade barriers? Considering the selfish nature of the Indians it is unlikely.

Its Easy For Your to say coz u live in canada and ur Contrymen are livng in worst condition .

 

[scholseys]

No, I am not familiar with the Selling the Brooklyn Bridge to the highest bidder analogy.

If you mean the age-old confidence trick where a trickster tries to sell the Brooklyn Bridge to a stranger who is not aware that the structure is public property, it is difficult to see the connection.

There is a trade opportunity. Bangladesh has to invest nothing, she has to pay nothing. There is no tangible product to buy.no Brooklyn Bridge, no stranger with a lot of money. If you wish to impress us with your grasp of American English idiom, do go into the idiom first, and get it straight.

It is still not clear what deception is being practiced on Bangladesh.



The bank rate of interest can be relevant only when there is a question of holding goods in inventory. There is nothing preventing a Bangladeshi exporter from working through Indian partners who will hold goods for them. For that matter, I wish you could tell me which bank will give me money at 8% pa, considering that they pay senior citizens 10%, against the normal 9%, and generally work on a minimal spread of 2%. They are not charitable institutions.

If you are referring to the high cost of capital being built into product costing, hence influencing price, surely in such a case the solution is to buy cheap,add value and sell dear. Even given country of origin restrictions, if what you fear is true, there is a case for buying from India to add value and sell elsewhere.

If there is no way costs in Bangladesh will allow selling to India, and nobody wants to earn money by conversion of cheap goods to more expensive ones, it is difficult to understand how the situation will be different in other cases. Will Bangladesh be able to trade with an even more competitive economy, and make money? I ask because of the frequent calls for trade with China. If you cannot trade with poor little India, how will you prevail against the 800-lb gorilla?



You have my sympathies. It must be inconvenient to go through the entire day with a ringing sound in your ears.

Perhaps you should shift to reading comics instead.

Interest rate for lending money to do business. Indian banks charge 8% and pvt. indian banks charge around 9-10%...our banks charge 11% and pvt. banks charge from 13-16%. We can't compete with india in india's market hence the huge deficit, again...you don't know what you are talking about, going on and on doesn't make you sound professional.