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Friday, August 1, 2008

[vinnomot] Tata pulling out from $3B investment in Bangladesh after 4 years of initiation

 
It seems problem happened to be a clause associated with
10 years of gas supply assurance from Bangladeshi Govt.
FDI chairman Kamaluddin tried to defend his position
by stating Tata's pull out would not affect the image
of FDI prospect in Bangladesh which seems to have been
trashed by Bangladesh Chambers of Commerce.
 
This deal would have been a land-mark in India-Bangladesh relation.
I hope situation will improve in future.
 
Thanks
Biplab

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