Home » Politics: Bangladesh » >BD to reopen talks for $3bln Tata investment

>BD to reopen talks for $3bln Tata investment

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>The Bangladesh government will reopen negotiations with Indian conglomerate Tata on Sunday on the group’s record three-billion-dollar investment plan, AFP reports quoting officials. (Read full report)
Senior Tata officials led by its executive director Alan Rosling will meet top government bureaucrats nearly two years after the conglomerate postponed what would be the biggest single foreign investment in Bangladesh.The Indian salt-to-telecoms giant offered to build a steel plant, two power plants, a fertiliser plant and a coal mine back in 2006, after upgrading a 2004 plan.
Bangladesh investment board chief Kamaluddin Ahmed confirmed the talks, but refused to provide agenda details.
A Tata official said the group was encouraged by “positive indications” from the Dhaka government.
“Yes, there is an intention to move it forward,” said Tata’s Bangladesh chief Syed Manzer Hossain.
He said the company was ready to discuss all the issues.
“We submitted it in 2006 and it’s now 2008. Obviously there are some changes. The government may have some issues. We’ll evaluate the changing scenario after we meet,” he said.


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