The New Nation - Internet Edition

We have been observing global sell off in financial markets and this might create an opportunity for Bangladesh to attract foreign investment in the pharmaceuticals sector in Bangladesh. Healthcare sector is one of the best sectors which will flourish during recession or depression whatever we call in this time.

The reason Bangladesh can attract huge foreign investment in the pharmaceuticals sector since people will look for cheap and quality medicines since number of baby boomers are increasing all over the world. Future investors will get good return of their investment in the pharmaceuticals sector in Bangladesh because low cost manpower and LDC status which provide ample advantage to make money in this sector.

Bangladesh government needs to pay attention to this opportunity in this sector and provide all out help and develop a consortium to attract new investors ( e.g, start with Middle East countries). Middle East countries will look for an opportunity to make money off their investment (US$2 Trillion excess money in the Middel East countries) in the world and Bangladesh government has to convince them to invest in this sector which will have better return of their investment.

I hope that Bangladesh government is listening, they have my earlier proposal to develop this sector and at least start working with it for now. Bangladesh needs high income jobs to survive after worldwide inflation of essential items and Bangladesh has only this sector which can create high income jobs.

Few of the political leaders in Bangladesh might be thinking once they take power from the CTG, all the essential items price will be 100% below the current price, then think again they might be day dreaming. If constructive policies are not adopted now in Bangladesh, even Angel will not be able to help Bangladesh if we do not help ourselves.

M. M. Chowdhury (Mithu),

USA