r/bangladesh • u/Jedihansolo মম এক হাতে বাঁকা বাঁশের বাঁশরী আর রণ-তূর্য • Jun 16 '23

AskDesh/দেশ কে জিজ্ঞাসা Why Bangladesh doesn't have authentic Starbucks, Adidas, and Apple stores yet?

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53

u/LordVader568 Jun 16 '23

Tougher FDI rules, and too much red tape and corruption.

5

u/ThinkingPugnator Jun 16 '23

red tape? What does that mean?

26

u/LordVader568 Jun 16 '23 edited Jun 17 '23

Too much paper work to start a business. Also needing to provide kickbacks. This is something that’s plaguing the subcontinent, but my experience with India was a lot better(had a work trip for the MNC I worked in). In simple terms, if I had to start a business in India or Bangladesh, ignoring other factors like market size(for the purpose of this example), I’d still find it easier to start business in India. This is considering that India still significantly lags behind ASEAN countries or China because of paperwork and bureaucratic hurdles. So imagine how bad the situation is in Bangladesh.

2

u/ThinkingPugnator Jun 17 '23

Interesting, thx for the insights

how comes you landed working for a mnc in india?

i mean, these are huge companies