Bureaucracy A Hurdle. Red Tape Cost Us Billions.
Bureaucratic red tape in Malaysia may have already cost the country billions in revenue losses and a crucial six-year head start in the global IT outsourcing and disaster data backup recovery industry. This shocking discovery was realised during Deputy Prime Minister Datuk Seri Najib Tun Razak’s visit to India’s leading software exporter, Infosys Technologies Ltd’s state-of-the-art Electronic City.
Infosys chairman N.R. Narayana Murthy told the high-level Malaysian delegation that his company had wanted to set up such a centre in Malaysia as early as in 2000. They polled 300 of its top clients on their choice of the best and safest location for such a centre. Mauritius came out tops and Malaysia was a very close second.
“Looking at Malaysia’s advanced infrastructure and commitment to IT development, we picked Kuala Lumpur and planned to move 15,000 people for the centre. “Unfortunately, the Malaysian bureaucracy did not appreciate it. We faced numerous delays in trying to get approvals for sending people over,” he said in his briefing to Najib’s delegation.
The Nasdaq-listed global Indian firm, currently valued at US$17bil (RM61.2bil), marked its 25th anniversary recently by hitting a record revenue of US$2bil (RM7.2bil). It has 52,000 employees spread out in countries across the world.
Najib assured him that Malaysia would certainly look at easing existing rules which posed obstacles to the industry and study the requirements of the companies, adding that generally, visa regulations have already been relaxed considerably. Infosys’ head of human resources, T.V. Mohandas Pai, who also spoke at the briefing, said professionals from the company and their associates faced many obstacles, the main one involving entry visas and extended stays.(The Star)
*****This won't be the first or the last time that foreign companies and entrepreneurs complain about our deplorable bureaucracy. The country has lost billions from just this one company. Imagine how much more has been lost from similar experiences by and treatment of foreign business entities by our lame brain bureaucratic nutcases? And these are the same people who lobby the government every now and then for year-end bonus!! They should be made to return a portion of their salaries as compensation for financial loss due to their incompetency.
Refer to my earlier related post: Malaysia's Immigration Department - An International Disgrace.
Infosys chairman N.R. Narayana Murthy told the high-level Malaysian delegation that his company had wanted to set up such a centre in Malaysia as early as in 2000. They polled 300 of its top clients on their choice of the best and safest location for such a centre. Mauritius came out tops and Malaysia was a very close second.
“Looking at Malaysia’s advanced infrastructure and commitment to IT development, we picked Kuala Lumpur and planned to move 15,000 people for the centre. “Unfortunately, the Malaysian bureaucracy did not appreciate it. We faced numerous delays in trying to get approvals for sending people over,” he said in his briefing to Najib’s delegation.
The Nasdaq-listed global Indian firm, currently valued at US$17bil (RM61.2bil), marked its 25th anniversary recently by hitting a record revenue of US$2bil (RM7.2bil). It has 52,000 employees spread out in countries across the world.
Najib assured him that Malaysia would certainly look at easing existing rules which posed obstacles to the industry and study the requirements of the companies, adding that generally, visa regulations have already been relaxed considerably. Infosys’ head of human resources, T.V. Mohandas Pai, who also spoke at the briefing, said professionals from the company and their associates faced many obstacles, the main one involving entry visas and extended stays.(The Star)
*****This won't be the first or the last time that foreign companies and entrepreneurs complain about our deplorable bureaucracy. The country has lost billions from just this one company. Imagine how much more has been lost from similar experiences by and treatment of foreign business entities by our lame brain bureaucratic nutcases? And these are the same people who lobby the government every now and then for year-end bonus!! They should be made to return a portion of their salaries as compensation for financial loss due to their incompetency.
Refer to my earlier related post: Malaysia's Immigration Department - An International Disgrace.
posted by The Malaysian. at 6/12/2006 12:04:00 AM
2 Comments:
totally agree with you, Our country red tape caused revenue losses and bad name for our country. I had bad experience dealing with Immigration officer , just to get Professional Employment pass , it took almost 8 months and numerous visit to our immigration.
Hope thing will change.
mk, you mentioned ' hope thing will change'.....
i wish that i could share your optimism but realistically we all know that after a while, NO changes will be made, NO officials will be held accountable and things will be back to normal.
pathetic? yes, that is the case but then again, this is Malaysia and this is what one expects. another 30 days down the line and i guarantee you that everything about this incident will be forgotten......and in the meantime, be prepared to be bombarded by 'feel good' news about some forbes 100 company intending to invest millions and creating thousands of jobs for us.
malaysia bolih? if you ask me, malaysia can sucks big time!!!
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