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Tata to Submit Final Investment Proposal to Bangladesh in Two Weeks


Alan Rosling, executive director of Tata Sons told a news agency on Tuesday that India's Tata group will submit a final proposal to Bangladesh in two weeks for its proposed $2.5 billion investment in that country but may move the projects elsewhere if the terms are unacceptable.

Talks between the Tatas and Dhaka stalled last week after negotiations over the price of natural gas, to be used in the projects, faltered. In Dhaka, the government's energy adviser and key negotiator Mahmudur Rahman said Bangladesh is not prepared to give any price concession. Tata Group has offered to pay $1.50 per thousand cubic feet for the gas, a figure Bangladeshi officials consider too low as the group wants guaranteed uninterrupted supplies over 20 years.

Matiur Rahman Choudhury has more on the story.

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