India proposes Bangladesh for joint study on exports

[Banglar Bir]

01:01 PM, December 02, 2017 / LAST MODIFIED: 01:11 PM, December 02, 2017
India proposes Bangladesh for joint study on exports

Star Online Report
India has suggested Bangladesh to carry out a joint study on products being exported by the two countries in order to complement each other and attain synergy.

The proposal was made by Indian Commerce Minister Suresh Prabhu during a meeting with visiting Bangladesh’s Industries Minister Amir Hossain Amu at the former’s office on Friday.

The two ministers discussed ways to enhance cooperation between the two countries to further facilitate industrialization in and Indian investment to Bangladesh, a statement issued by the Bangladesh High Commission in New Delhi on Friday night said according to our New Delhi correspondent.

Emphasizing on Bangladesh’s investment-friendly environment, Amu invited Indian investors to invest more in Bangladesh’s industrial sector and the two leaders resolved to convene a joint event in Dhaka to promote industrialization in Bangladesh sometime in the first half of next year.

“Besides, the Indian Minister proposed to carry out joint study on products being exported by both countries with an eye to complementing each other and attaining synergy,” the statement said without specifying Amu’s response to it.

Asked by Amu about the progress in signing of the agreement on Teesta river water- sharing Prabhu reiterated Indian Prime Minister Narendra Modi’s keenness to conclude the agreement soon.

Prabhu, India’s former Environment and Forest Minister, also showed eagerness for joint conservation with Bangladesh of the flora and fauna of the Sundarban.

Prabhu accepted the Bangladesh Minister’s invitation to visit Bangladesh soon.

Earlier, the Bangladesh Industries Minister, in his keynote paper at a session titled “Integration of SMEs in Global Value Chain (GVC) - Challenges and Opportunities” of the 21st International Conference on Small and Medium Enterprises held in New Delhi, focused on three overarching themes: importance of Small and Medium Enterprises (SMEs) for inclusive growth; ways for integration of SMEs into Global Value Chains (GVCs) and actions to foster deeper participation in GVCs.

He said that “under the policy directive and guidance of Prime Minister Sheikh Hasina, we have achieved remarkable progress in the areas of the MDGs, despite many hurdles”.

Terming the SMEs as driving forces for Bangladesh’s economy, Amu said, “Our SME sector represents more than 90% of enterprises in the country; contribute around 25% of GDP and 23% of total employment (including agriculture), 80-85% in industrial employment and 75% of household income”.
http://www.thedailystar.net/business/export/india-proposes-bangladesh-joint-study-exports-1499428

 

[mb444]

India should F off..

 

[UKBengali]

India should F off..

Why should BD care if it's exports hurt India?
BD is a sovereign country and can do as it pleases.

@Nilgiri

Looks like India is feeling the heat from the dynamic BD exporters.

 

[jetray]

Why should BD care if it's exports hurt India?
BD is a sovereign country and can do as it pleases.

@Nilgiri

Looks like India is feeling the heat from the dynamic BD exporters.

Its common sense not compete and undercut each other. This is what most of the western countries do, they ensure that they dont outdo each other and cause themselves more damage.

As far as competition is concerned, India can provide more subsidies than what BD can give.

 

[UKBengali]

Its common sense not compete and undercut each other. This is what most of the western countries do, they ensure that they dont outdo each other and cause themselves more damage.

As far as competition is concerned, India can provide more subsidies than what BD can give.

Yes, that is only for the EU as they are in a formal trade block.
Look at how the UK and EU are competing now in areas like finance now that the UK has voted to leave.

BD is far more competitive in areas like garments, electronics, IT and pharmaceuticals as the labour costs are around half that in India. No amount of subsidies will help Indian producers compete against BD ones.
The fact is that India cannot compete with BD in certain sectors and so has made this daft proposal that
will go nowhere.

 

[cocomo]

Its common sense not compete and undercut each other. This is what most of the western countries do, they ensure that they dont outdo each other and cause themselves more damage.

As far as competition is concerned, India can provide more subsidies than what BD can give.

BS. Stop conning the Bangladeshis.

 

[mb444]

Its common sense not compete and undercut each other. This is what most of the western countries do, they ensure that they dont outdo each other and cause themselves more damage.

As far as competition is concerned, India can provide more subsidies than what BD can give.

your country your policy within the WTO protocols.

BD does not require India for anything, if you can undercut us go ahead and do it.

 

[jetray]

electronics, IT

ok I am out of the discussion.

 

[Śakra]

dynamic BD exporters.

"We don't just make $5 t-shirts, we have $5 pants now too"- banglerdash

 

[UKBengali]

"We don't just make $5 t-shirts, we have $5 pants now too"- banglerdash

So what is the reason for this proposal from India?

 

[Laozi]

So what is the reason for this proposal from India?

even if someone tells you, would you have an open mind to at least listen to his point of view ?

 

[UKBengali]

even if someone tells you, would you have an open mind to at least listen to his point of view ?

Ok. Go ahead and if there is an actual benefit to BD then I will be for it.

 

[Laozi]

Ok. Go ahead and if there is an actual benefit to BD then I will be for it.

Your minister is in India and is inviting Indians to invest in your country. Therefore shouldn't such investments bring more returns to both the nations ? And someone is proposing a joint study to synergise the respectve strenghts of both the nations to reap maximum benefits.

Is this really a bad idea ?

 

[UKBengali]

Your minister is in India and is inviting Indians to invest in your country. Therefore shouldn't such investments bring more returns to both the nations ? And someone is proposing a joint study to synergise the respectve strenghts of both the nations to reap maximum benefits.

Is this really a bad idea ?

India will invest where it sees a return on that investment. This is not charity.
BD has a strong economy and that is why a Chinese company will invest more than
2 billion US dollars building a steel plant in BD. The Chinese company knows that it has a
captive market of 160 million consumers that is getting steadily richer and so has decided
to build the plant.
Since BD and India are not in a formal trade block like EU then there is no need for BD
to care about Indian exporters. Unless of course India was to allow BD to export garments to
it without the 15% import duty, then we can look at this proposal.

 

[Laozi]

Unless of course India was to allow BD to export garments to it without the 15% import duty, then we can look at this proposal.

Your minister can always dictate such terms while soliciting investments from India

regards and bye