Tata gung-ho on Bangla investment
The Financial Express — April 12, 2005

Tata group, which has proposed a $2 billion investment plan in Bangladesh, has found the “investment climate suitable and positive” in the country. The company plans to invest an amount of $2 billion in the country to set up a giant steel mill, a 1000 mw power plant and a fertilizer factory. A visiting team of the company headed by S Ramakrishnan held talks with Bangladesh state minister for power Iqbal Hasan Mahmood yesterday and said they have found the country’s “investment climate suitable and positive.”

The pre-feasibility study on the planned investment is now in the final stage and would be ready for submission by the end of the current month, Mr Ramakrishnan told reporters. He said the Tata group would start negotiations with the Bangladesh government later this month to sign the contract for planned investment. Last year, it signed an expression of interest with the state-run board of investment.