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DHAKA: Noted economist Professor Anu Muhammad on Friday termed Indian investment in Bangladesh as symbol of capital aggression.
He said, “Country’s economics is now facing bankruptcy and the advisors to the present government are responsible for this. They are determined to give the control of country’s economics in the hands of foreign power by sacrificing the interest of the country.”
“The advisors are ensuring security of foreign investors. In this circumstance, investment of Indian Sahara group is an example of capital aggression”, he added.
He came up with the remarks while addressing a discussion meeting on “Sahara’s investment proposal: economics of Bangladesh” at the VIP lounge of National Press Club on Friday.
He said, “Although we are able to invest in our real state, poultry, telecommunication and garments sectors, the government is encouraging Indian investment in these fields. They are trying to destroy our local entrepreneurs and workers.”
Mentioning that the family members of some ruling party leaders and advisors are getting temporary advantage of this situation, he alleged, “Advisors to Prime Minister Sheikh Hasina are determined to give the control of our oil, gas and mineral resources in the hands of India. They are simply making people fool.”
Anu Muhammad said, “Our market is open to India but we can not take easy entry in Indian market. We have chances of increasing our export in the neighboring country. But, we can not do it due to various problems, including duty issue.”
Terming India as the major barrier of South Asia, he said, “India is the biggest capital aggressive, poor populated and resist country in the region. People lead very poor and pathetic life.”
BDST: 2155 HRS, JUN 29, 2012
Edited by: Maria Salam, Asst Output Editor