Tata accepts land for steel plant
Staff Correspondent
India's business conglomerate Tata Group has primarily accepted the government proposed alternative land in Bheramara upazila under Kushtia district for its 4.20 lakh tonne capacity steel plant.A seven-member team led by Tata Steel executive Indronil Sengupta visited the site on Monday and expressed their willingness to establish the giant steel plant there. But before finalising the steel plant site, Tata wants to be clear about 11 queries regarding the land and they need some more time for a feasibility study, Tata negotiation team in yesterday's meeting with the sub-committee on the land ministry said. The land secretary chaired the meeting. The group wants 3,000 acres of land for their three proposed steel, power and fertiliser projects, a meeting insider said. Tata earlier wanted 2,000 acres of land for its steel plant at Muladuli in Ishwardi, 600 acres of land for power plant near Barapukuria coal mine and 400 acres for a fertiliser plant at Banshkhali in Chittagong. "Most of the land at the Bheramara site is owned by Bangladesh Railway. So no problem will arise in handing over the land to Tata," a land ministry official said. The Tata negotiation team arrived in Bangladesh for the third round of talks on July 2 and had a series of talks with government officials of different levels. Earlier on May 9, the government and the Tata Group agreed to kick off formal negotiations on May 25 and wind it up by August 31 to clear the way for signing the investment contract before November 30. Tata on April 20 formally submitted a $2.5 billion investment proposal for setting up a 1,000 MW power station, a steel mill with an annual production capacity of 420,000 tonnes and a one million-tonne capacity fertiliser plant.
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