Policy guideline for NRBs
The clarion call of the Chief Adviser to the NRBs to contribute in the economy of Bangladesh was timely and thus commendable. Non-resident citizens of China , India , Philippines and Korea, in fact, made massive contributions to their countries' socio-economic development. There should be a well designed guideline indicating their areas of participation and facilities to be provided to them with banking facilities and return of profits.
In fact, in Bangladesh, NRBs should be encouraged to invest in infrastructure development like deep seaports, river ports and land ports, power generation, solar energy transmission, tourism and formation of insurance companies and financial institutions.
Even the local entrepreneurs are afraid of investing in some critical sectors which are labour-intensive and involve indigenous technology.
Once they face debacle and fail to get the expected return, the door will be closed forever.
So we should proceed carefully with a clear guideline and policy framework to make the Chief Adviser's call meaningful and significant.
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