Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 763 Thu. July 20, 2006  
   
Letters to Editor


Investment for whom?


Today we live in a global economy, therefore, every country welcomes foreign investment. We don't know how many countries have changed their fortune by foreign investments. But the number will surely be pretty high. Without profit nobody invests money.

In foreign investment, both sides think of profit. Certainly, any deal will favour the stronger side. Foreign investments have not brought the desired changes in our context.

Our women know sewing work from childhood. Parents are encouraging that work. Therefore if they get a bit of training with modern equipment, they become professional workers in garment factories.

So foreign investments have flowed into the garment sector. But workers' living conditions remain unchanged. They have no security at workplace, no vacation, no recruitment law. It is a story of deprivation.

So matters must improve in this area before foreign investment can have a positive impact on our lives.