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Tata walks out on investment plan PDF Print E-mail
Friday, 01 August 2008

Agency

Tata Group abandoned a $3 billion investment plan for Bangladesh after it failed to win commitments from the government for the supply of natural gas to the projects, it said Thursday.

``It is clear that the government will not be in a position, in the foreseeable future, to grant the projects the natural gas commitment they would require,'' the Indian conglomerate said in a statement on its website.

``Consequently, there is no prospect of taking these projects further.

Tata handed a letter over to the Board of Investment.

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