Volume 19 Issue 7
Bangladesh is witnessing a faster economic growth over the past decades and is approaching fast to achieve the middle-income country status by next few years. The country is also implementing a number of mega projects at present. However, experts are skeptical about the sustainability of the development. They feared that over-dependency on the imported inputs – be it materials and expertise or other resources, including natural resources – may emerge as detrimental to sustainability of the development at some point. It is being alleged that the ongoing development projects are using even unskilled people from foreign countries which are abundant locally. The local companies are claiming that the projects are also hiring foreign subcontractors despite having the required competencies to do the jobs by a number of local companies. They also claimed to have been suffering from tax disparities.
In this ongoing development regime, it would be wise to properly assess the local strength of resources and expertise, and fit in where required. It is high time to restrict imported inputs and expertise, if those are available locally. The tax anomalies should also be removed to ensure a level playing field for the local companies and help expedite the economic development of the country.
Cover Photo: India-Bangladesh Friendship Oil Pipeline Project Work by Dipon Group
