Tata Group still serious about investment in Bangladesh
Pti, Mumbai
Far from abandoning its $3 billion investment plan in Bangladesh, the Tata Group Thursday said it would pursue the steel, power and fertiliser projects after polls to elect a new government in that country."We have not abandoned the project. We have spent money which means we are serious about Bangladesh," Tata Sons' Executive Director R Gopalakrishnan told PTI here. "We had developed the project with serious intent. If we were not serious, then we would not have made a proposal...we have even posted our people there (Bangladesh)," he said. Tata's investment plans, first submitted in 2005, never took off owning to delay in clearances and government's reluctance to offer various concessions. "We are ready with our plans but a matching readiness in Bangladesh...must also be there," Gopalakrishnan said.
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