Monday, September 24, 2018 | ePaper

Huge amount of money flying out of the country but government remains indifferent

  • Print
NEWSPAPER reports said around 2.36 billion US Dollars are flying out of the country every year from Bangladesh through the hands of some 34,340 expatriates working here. The expat foreigners who get the said amount in salary and allowances are mainly top level managers and administrators - mostly catering to the needs in the textile sector. The remittance flowing out of the country is about one-eighth of what Bangladeshi expatriates send to the country.
So, the question automatically arises: despite being one of the top exporters of RMG products in the world why are we failing to educate and groom world class managers? Be it a - manager or a textile broker - why can't we get quality service from our mid to top level employees?
We also don't have good quality institutions and faculties; either it's the quality of local education or the students where the shortfalls are definite. Also there are necessary and also needless dependencies on foreign managers in the country. Universities, technical institutions can provide textile and garments-related knowledge to around 25,000 to 30,000 people, which owners find 'insufficient' considering the requirement of the industry. Many of the weaknesses explained are actually true. Our students and future managers should also particularly emphasize on how to develop linguistic skills -- English or any other language
We think, this excessive dependency on foreigners has grown because of a typical national characteristic. Over the past decades the subsequent governments and the private entrepreneurs focused on increasing profit margins and export volumes. They never thought of complimenting needs - that means, developing the RMG infrastructure by establishing credible and reliable academic and training institutions.
We must say, its indeed a matter of grave concern, not because more than a couple of billion dollars are flying out of the country every year, but because the country has repeatedly failed to groom smart, educated and specialised top level management officials. The government must be liable for the incapability and failure.

More News For this Category

Discrimination in Jail Code

EMINENT citizens have described the criteria stipulated in the Jail Code for classifying Division I prisoners as irrational and discriminatory since respected citizens in the society are excluded from the

Attack on Iran`s elite guards

IRANIAN Supreme Leader Ayatollah Ali Khamenei accused US-backed Gulf Arab states of carrying out a shooting attack on a military parade that killed 25 people, almost half of them members

Digital Bangladesh to achieve sustainable development

Dr. Foqan Uddin Ahmed :In Bangladesh digitalization started in the year 2008 by the announcement of hon'ble Prime Minister, targeting to achieve sustainable development goal by 2021. Again it was

World River Day : Let's march for the rivers

Dr. Ahmed Kamruzzaman Majumder :"Rivers are the arteries of our planet; they are lifelines in the truest sense" said Mark Angelo, Founder and Chair of BC Rivers Day and World

The deal or the debacle of the century?

Michael Anderson and Sam Ben-Meir :As we wait for Trump to unveil his peace plan to reach an Israeli-Palestinian peace agreement, he has in fact made the prospect of achieving

Readers’ Forum

The US-China "trade war"As a developing nation, we should closely follow developments regarding the ongoing US-China "trade war." There could be consequences of the war, both positive and negative, for

Organic fertilizer use should be encouraged

BALANCED use of fertilizer along with organic fertilizer is a demand of time to increase productivity and fertility of land. Strong monitoring to check the quality of imported potassium, potash

CPJ reveals weakness of journalists by appealing to President

THE Committee to Protect Journalists (CPJ) in a letter to the Bangladesh President has expressed deep concern about the Digital Security Act 2018, which was passed by the Parliament on

Climate change causes mass internal migration

Rayhan Ahmed Topader :Climate change in Bangladesh has started what may become the largest mass migration in human history. In recent years, riverbank erosion has annually displaced between 50,000 and

Another global financial crisis for developing countries

Anis Chowdhury and Jomo Kwame Sundaram :George Soros, Bill Gates and other pundits have been predicting another financial crisis. In their recent book, Revolution Required: The Ticking Bombs of the