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Indian entrepreneurs keen to invest in jt ventures in BD

bluesky

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18 Feb 2017, 23:02:57
Indian entrepreneurs keen to invest in jt ventures in BD

Indian entrepreneurs on Saturday expressed their keen interests in boosting bilateral trade and commerce through joint ventures in Bangladesh.

A 15-member delegation of the Bengal Chamber of Commerce and Industry of Kolkata, India expressed the eagerness while exchanging views with the leaders of Chittagong Chamber of Commerce and Industry (CCCI) at Bangabandhu Conference Hall of the World Trade Centre in the port city.

The Indian delegation is also keen to set up an engineering institution in Chittagong and generate skilled manpower in engineering, Information and Technology (IT) sectors through imparting training in Bangladesh.

Addressing the view exchange meeting, Senior Vice President of CCCI Nurun Newaz Selim underscored the importance of infrastructure development of land ports, duty-free transportation of goods, obtaining BSTI certificates in exporting goods to India in order to enhance bilateral trade and commerce.

He also urged the south-eastern states of India to invest in the ongoing Mirsarai Economic Zone in Chittagong.
 
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18 Feb 2017, 23:02:57
Indian entrepreneurs keen to invest in jt ventures in BD

Indian entrepreneurs on Saturday expressed their keen interests in boosting bilateral trade and commerce through joint ventures in Bangladesh.

A 15-member delegation of the Bengal Chamber of Commerce and Industry of Kolkata, India expressed the eagerness while exchanging views with the leaders of Chittagong Chamber of Commerce and Industry (CCCI) at Bangabandhu Conference Hall of the World Trade Centre in the port city.

The Indian delegation is also keen to set up an engineering institution in Chittagong and generate skilled manpower in engineering, Information and Technology (IT) sectors through imparting training in Bangladesh.

Addressing the view exchange meeting, Senior Vice President of CCCI Nurun Newaz Selim underscored the importance of infrastructure development of land ports, duty-free transportation of goods, obtaining BSTI certificates in exporting goods to India in order to enhance bilateral trade and commerce.

He also urged the south-eastern states of India to invest in the ongoing Mirsarai Economic Zone in Chittagong.

Giving Indian entrepreneurs any kind of breaks on 'boosting bilateral trade and commerce' through joint ventures in Bangladesh has to first resolve the question of Bangladeshi exports to India - sans non-tariff BS barriers. If there is no value addition being made locally, it should not be allowed.

'Bi-lateral' in India has a special meaning - which means Indian exports to other countries and not the other way 'round.

This being said - I encourage engineering/IT training and setting up engg. products manufacturing locally using JV's, but only for export, not local consumption.
 
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Giving Indian entrepreneurs any kind of breaks on 'boosting bilateral trade and commerce' through joint ventures in Bangladesh has to first resolve the question of Bangladeshi exports to India - sans non-tariff BS barriers. If there is no value addition being made locally, it should not be allowed.

'Bi-lateral' in India has a special meaning - which means Indian exports to other countries and not the other way 'round.

This being said - I encourage engineering/IT training and setting up engg. products manufacturing locally using JV's, but only for export, not local consumption.

I dont mind local consumption as long as it substitute foreign import.
You need to check whether those JV proponent actually have real money or not.
 
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You need to check whether those JV proponent actually have real money or not.

Maybe a track record of export earnings, bank deposits and tax payments in the home country for at least five years? That could be a start......
 
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Giving Indian entrepreneurs any kind of breaks on 'boosting bilateral trade and commerce' through joint ventures in Bangladesh has to first resolve the question of Bangladeshi exports to India - sans non-tariff BS barriers. If there is no value addition being made locally, it should not be allowed.

'Bi-lateral' in India has a special meaning - which means Indian exports to other countries and not the other way 'round.
n.
 
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'Bi-lateral' in India has a special meaning - which means Indian exports to other countries and not the other way 'round.

Only really the case for BD. Improve your economy and human resource and you may get something more worthwhile.

This being said - I encourage engineering/IT training and setting up engg. products manufacturing locally using JV's, but only for export, not local consumption.

Sorry, "Made in Bangladesh" stamp is not something that will help any Indian company....in fact it will destroy the product QA and marketability....not to mention there just is not any reasonably sized skilled workforce surplus in BD to harness (if there were....BD FDI figures would not be so miserable). Onus is on your country to improve its branding and marketability so its not relegated to just RMG.

Why would we set up training in BD when we have so much more to do in India? Training is something that is your responsibility....as is promotion and incentives.

Stop thrusting your begging bowl in front of our face each time India comes up in a BD economy thread.....man up, take responsibility and fix your problems rather than sheltering in big bad Dada complex each and every time.
 
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Only really the case for BD. Improve your economy and human resource and you may get something more worthwhile.



Sorry, "Made in Bangladesh" stamp is not something that will help any Indian company....in fact it will destroy the product QA and marketability....not to mention there just is not any reasonably sized skilled workforce surplus in BD to harness (if there were....BD FDI figures would not be so miserable). Onus is on your country to improve its branding and marketability so its not relegated to just RMG.

Why would we set up training in BD when we have so much more to do in India? Training is something that is your responsibility....as is promotion and incentives.

Stop thrusting your begging bowl in front of our face each time India comes up in a BD economy thread.....man up, take responsibility and fix your problems rather than sheltering in big bad Dada complex each and every time.

Yeah enough about 'Made in Bangladesh'. Let's see what 'Made in India' quality really means going by some recent Internet postings.:rofl:

Ch*t*ya Dhokeybaaj corporate business people (a breed only found in India) and their 'Safai Gaanewaala' sanghi idiots in this forum.

These are from Garage Journal about Dhokeybaaz Bhartiya tools exporters:

"Made in India wrenches. Are these the worst?
Ok sorry about bringing up the contentious COO thing, but I'm just wondering what type of quality are the hand tools coming out of India generally like?

I was looking at some made in India wrenches today, but every set I looked at had some kind of defect. Some were bent, some poorly stamped, some even had a satin finish that I could scrape off with my fingernail! These were worse than most of the made in China I've seen."

"I posted on this a while back, but I had the misfortune of ending up with some India made line wrenches. Not made in the '70's, but new ones. I compared them to my Craftsman Pro, Craftsman raised panel and Pittsburgh Pro. Honestly, I could sand cast a better tool in my kid's sandbox in the back yard. The finish is poor at best. The stamping, IF it was stamped, was poor at best. Size? Each one was off my several mm. Not even close!

I *might* buy tools made in China, but I will NOT buy tools made in India."
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

This is from Forbes about Dhokeybaaz Indian pharma majors selling low quality fraudulent pharma products all over the globe.....especially in poorer countries in Africa with lax testing standards, these pharma exporters should be hanged..........

"Several major Indian drug firms have been caught selling inferior and potentially dangerous medicines. Most of these bad drugs have been sold in low-income countries with lax regulatory oversight.

But, up until recently, it was unclear if these reprehensible practices were confined to a few bad actors or shared widely throughout the entire Indian drug industry.

There's now increasing evidence of the latter. A working paper we've just published through the U.S. National Bureau of Economic Research details the results of an extensive investigation into Indian pharmaceutical quality. We examined nearly 1,500 India-made drug samples collected from 22 cities throughout Africa.

We found that the antibiotic and anti-tuberculosis samples contained insufficient levels of the key active ingredients.

Most of those drugs aren't counterfeit they are legally made by the legitimate companies. They contain some therapeutic elements, but probably not enough active ingredients to actually treat disease.


That means patients at the end of the supply chain are wasting their money. The pills they purchase won't make them better.

Worse still, low-quality pharmaceuticals can fuel the creation of drug-resistant disease. When a strain of tuberculosis, for instance, is exposed to levels of a medicine that aren't strong enough to kill, the strain can be stimulated to evolve and grown immune to future treatment.

Drug-resistant disease is already a massive problem in Africa. These low-quality Indian drugs are making it worse."

http://www.redpepper.co.ug/india-sends-its-worst-quality-drugs-to-africa-researchers-say/
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

How about crappy code? Therein India excels as well, :lol:

"Code from India can be truly awful if you work with most companies,” another Redditor said. “A lot of them treat programming as a task to be completed with numbers and fire those that can't work fast enough, rather than a task requiring quality where people are educated to avoid mistakes and fired only as a last resort.”

“I am currently working with outsourced code,” said another. “I never knew how bad it could get.”

The thread bounced around nerd circles for a bit before dying down, but it was just the latest example of the perennial grumbling by American programmers who are assigned to work on code that was crafted in Delhi or Mumbai. Indeed, as America has increasingly relied on Indians to program our software on the cheap, we’ve also increasingly griped that cultural differences seem to penetrate even the formulas and algorithms that one would think would be the same in every country."

The Internet is agog with comments about Indian exports like this, seems like everything that comes out of India is literally crap.

I could go on and on...........

But I digress......
 
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Yeah enough about 'Made in Bangladesh'. Let's see what 'Made in India' quality really means going by some recent Internet postings.:rofl:

Ch*t*ya Dhokeybaaj corporate business people (a breed only found in India) and their 'Safai Gaanewaala' sanghi idiots in this forum.

These are from Garage Journal about Dhokeybaaz Bhartiya tools exporters:

"Made in India wrenches. Are these the worst?
Ok sorry about bringing up the contentious COO thing, but I'm just wondering what type of quality are the hand tools coming out of India generally like?

I was looking at some made in India wrenches today, but every set I looked at had some kind of defect. Some were bent, some poorly stamped, some even had a satin finish that I could scrape off with my fingernail! These were worse than most of the made in China I've seen."

"I posted on this a while back, but I had the misfortune of ending up with some India made line wrenches. Not made in the '70's, but new ones. I compared them to my Craftsman Pro, Craftsman raised panel and Pittsburgh Pro. Honestly, I could sand cast a better tool in my kid's sandbox in the back yard. The finish is poor at best. The stamping, IF it was stamped, was poor at best. Size? Each one was off my several mm. Not even close!

I *might* buy tools made in China, but I will NOT buy tools made in India."
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

This is from Forbes about Dhokeybaaz Indian pharma majors selling low quality fraudulent pharma products all over the globe.....especially in poorer countries in Africa with lax testing standards, these pharma exporters should be hanged..........

"Several major Indian drug firms have been caught selling inferior and potentially dangerous medicines. Most of these bad drugs have been sold in low-income countries with lax regulatory oversight.

But, up until recently, it was unclear if these reprehensible practices were confined to a few bad actors or shared widely throughout the entire Indian drug industry.

There's now increasing evidence of the latter. A working paper we've just published through the U.S. National Bureau of Economic Research details the results of an extensive investigation into Indian pharmaceutical quality. We examined nearly 1,500 India-made drug samples collected from 22 cities throughout Africa.

We found that the antibiotic and anti-tuberculosis samples contained insufficient levels of the key active ingredients.

Most of those drugs aren't counterfeit they are legally made by the legitimate companies. They contain some therapeutic elements, but probably not enough active ingredients to actually treat disease.


That means patients at the end of the supply chain are wasting their money. The pills they purchase won't make them better.

Worse still, low-quality pharmaceuticals can fuel the creation of drug-resistant disease. When a strain of tuberculosis, for instance, is exposed to levels of a medicine that aren't strong enough to kill, the strain can be stimulated to evolve and grown immune to future treatment.

Drug-resistant disease is already a massive problem in Africa. These low-quality Indian drugs are making it worse."

http://www.redpepper.co.ug/india-sends-its-worst-quality-drugs-to-africa-researchers-say/
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

How about crappy code? Therein India excels as well, :lol:

"Code from India can be truly awful if you work with most companies,” another Redditor said. “A lot of them treat programming as a task to be completed with numbers and fire those that can't work fast enough, rather than a task requiring quality where people are educated to avoid mistakes and fired only as a last resort.”

“I am currently working with outsourced code,” said another. “I never knew how bad it could get.”

The thread bounced around nerd circles for a bit before dying down, but it was just the latest example of the perennial grumbling by American programmers who are assigned to work on code that was crafted in Delhi or Mumbai. Indeed, as America has increasingly relied on Indians to program our software on the cheap, we’ve also increasingly griped that cultural differences seem to penetrate even the formulas and algorithms that one would think would be the same in every country."

The Internet is agog with comments about Indian exports like this, seems like everything that comes out of India is literally crap.

I could go on and on...........

But I digress......

Like I said, post all the anecdotal stories you want to (it can be done for BD or any country as well)....proof lies in the yearly figures of trade/GDP/investment.

FDI tells the whole story for Bangladesh attractiveness to foreign companies. Your economic diversification is pretty much the same as your food intake diversification, a big fat 0:

http://foodsecurityindex.eiu.com/Country/Details#Bangladesh

A full rice diet does wonders for the brain. No wonder:

http://www.nydailynews.com/new-york...unity-poorer-blacks-latinos-article-1.1075313
 
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