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
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