Indian investment will not bring positive impacts

[iajdani]

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And Bangladesh has this junk rating of BB- that's why you modified your definition.

Nope, Bangladesh is not after investment grade rating, as we play the game differently. So, junk rating is irrelevant in case of Bangladesh. Read the literature of Moody's.

[atulya]

we dont care that if particular country is getting profit or not but at all cost Indian companies will be benefited from Bangladesh.

[nForce]

Nope, Bangladesh is not after investment grade rating, as we play the game differently. So, junk rating is irrelevant in case of Bangladesh. Read the literature of Moody's.

quote the lines please ........

[INDIC]

Nope, Bangladesh is not after investment grade rating, as we play the game differently. So, junk rating is irrelevant in case of Bangladesh. Read the literature of Moody's.

Maybe, all we know that Bangladesh has only textile industry.

[UKBengali]

Maybe, all we know that Bangladesh has only textile industry.

And with rapidly growing shipbuilding and pharmaceuticals now.

[LaBong]

To be honest, it's more like ship breaking industry.

[hinduguy]

I dont like sahara, it feels like a fake company. I hope one day law catches up with it.

[idune]

Sahara is one of the biggest fraud in india even Reserve Bank of India warned indians not to fall for their scheme. Awami League regime now bringing indian fraud Sahara into Bangladesh. Sheikh Hasina's family and Awami League leaders should be hanged upside down for bringing indian looting scheme under disguise of "investment" and for plan to hand over hundreds of thousands of acres land to Sahara.

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RBI issues alert on Sahara schemes

OUR SPECIAL CORRESPONDENT

Mumbai, Jan. 18: The Reserve Bank of India (RBI) has advised investors to exercise caution when investing their money in any collective scheme in the name of the Sahara Pariwar — the second regulator after capital market watchdog Sebi to raise a warning flag against the Lucknow-based group’s deposit-raising spree.

The central bank has said the public should first verify the name of the company which issues the deposit receipt and whether that company is authorised by itself to accept deposits from the public.

“They are also cautioned that the Reserve Bank does not guarantee the repayment of deposits accepted by Sahara India Financial Corporation Ltd (SIFCL) or any other company in that group and these companies cannot use the name of the Reserve Bank in any manner while conducting their business,” it said in a public advisory issued today.

The RBI came out with the notice after it received complaints from some investors that the Sahara group had been mobilising deposits from the public under the generic name of “Sahara Pariwar/ Sahara India Pariwar”.

When contacted, a spokesperson from the Sahara group said that they had no immediate comments to offer on the issue and that they would respond on Wednesday.

The RBI said there was a “misconception” that the central bank was the regulator of the entire Sahara group of companies, leading to mistaken comfort in the group’s deposit offers.

It further clarified that within the group, only three entities — SIFCL, Sahara India Corp Investment Ltd and Sahara India Infrastructural Development Ltd — were registered with the RBI. The apex bank has not authorised Sahara India Corp Investment Ltd and Sahara India Infrastructural Development Ltd to accept deposits from the public.

On the other hand, SIFCL has been prohibited from accepting any fresh deposits maturing beyond June 30, 2011, and prohibited from accepting installments of existing deposits from that date. SIFCL has also to repay deposits as and when they mature and bring the aggregate liability towards depositors to zero on or before June 30, 2015.

Recently, Sebi warned investors that it would not be able to redress any complaint pertaining to debenture issues of two of Sahara companies. In a public notice issued on January 7, Sebi said the investors of Sahara India Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd should take investment decision at their own risk.

The Telegraph - Calcutta (Kolkata) | Business | RBI issues alert on Sahara schemes

[kalu_miah]

An off topic note, I would urge Bangladeshi posters to consider not using these punctuation marks ........... , as it seems in fashion with people from a certain country, not sure why though.

[LaBong]

Forgot to take your morning medicine kalu?

[hinduguy]

An off topic note, I would urge Bangladeshi posters to consider not using these punctuation marks ........... , as it seems in fashion with people from a certain country, not sure why though.

And it is wrong to use becase.....

[IND151]

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Economists and rights activists on Friday said that Indian investments in the country, including the Sahara Group’s venture, would not bring any positive results for Bangladesh’s economy.
At a discussion held at the National Press Club in the city, they said that
Indian investors were interested in Bangladesh due to their imperialistic
ideology.
The secretary member of the National Committee to Protect Oil, Gas, Mineral Resources, Power and Ports, Anu Muhammad, said that the country’s poultry and garments sectors were at stake due to Indian investment.
He said that the Sahara Group had created an ‘empire’ through fraudulent means by collecting capital from 65 lakh Indian people.
Their livelihoods have now plunged into perilous conditions, he said.
Anu Muhammad believed ‘the Sahara Group will do business in the same way in our country.’
Indian products have already dominated local markets but many Bangladeshi products could not enter there in a normal way due to tariff and non-tariff barriers, he said.
BRAC University professor, Pias Karim said that Bangladesh real estate companies were part of the bourgeois dominant class and they needed Indian power as they could not do it on their own.
He said, ‘we need foreign direct investment to strengthen our economic base, but we should invite FDI in particular sectors in accordance with our national interest.’
Gansanghati Andalan chief coordinator, Zonayed Saki said that there was no doubt that if a ‘tout ruler exists in the country, tout groups like Sahara would extend their reign in Bangladesh’.
‘If the Indian government thinks that they will dominate Bangladesh, the people of Bangladesh will not support that initiative,’ he added.
Dhaka University accounts department lecturer, Moshahida Sultana said Bangladeshi people should think about urban planning to make a place suitable for living as it is this that allows foreign investors like Sahara into the country, she added.

New Age | Newspaper

so does he think that other potential investors wont seek fraudulent means?