Bangladesh News

Tuesday
May 23rd
Home arrow News arrow Business News arrow Tata walks out on investment plan
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.

Comments Add New
Write comment
Name:
Email:
  We don't publish your mail. See privacy policy.
Title:
Please input the anti-spam code that you can read in the image.
 
< Prev   Next >