|Tata walks out on investment plan|
|Friday, 01 August 2008|
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.
|< Prev||Next >|