Big Indian investors likely to visit Bangladesh next month-IBCCI president

[CaPtAiN_pLaNeT]

Big Indian investors likely to visit Bangladesh next month
IBCCI president tells media

Big Indian investors likely to visit Bangladesh next month

FE Report

At least seven large Indian investors including Tata Steel, Bharat Heavy Electricals, Airtel, and RPG Group (CEAT Tyre) are expected to visit Bangladesh early next month to submit their large investment proposals to the government.

This was disclosed by India -Bangladesh Chamber of Commerce and Industry (IBCCI) President Abdul Matlub Ahmed Saturday in Dhaka.

"The big Indian investing companies are interest to

invest in gas drilling, tyre manufacturing, gas pipeline, power grid project, railway and telecommunication sectors in Bangladesh," Matlub told a briefing, arranged at a local hotel to analyse the impact of recent visit of Indian Prime Minister Dr. Manmohan Singh to Bangladesh.

Mittal of Airtel, Harsh Goenka of RPG Group, vice chairman of Tata Steel B Muthuraman and chairman of Bharat Heavy Electricals Limited B Prasad Rao are among the top Indian investors who are likely to visit Bangladesh.

Each of the large Indian companies has proposed investment worth above $1.0 billion, Matlub added saying discussion on the proposed investment has already been started with Board of Investment.

A Special Economic Zone for Indian investment is being planned at Chhatak, Sylhet on 100 acres of land, which is owned by Nitol Group, the IBCCI President said.

The proposed investment may be in the form of joint venture, Foreign Direct Investment (FDI) or under the Public Private Partnership (PPP) initiative, Matlub elaborated.

Terming the recent visit of Indian Prime Minister Dr. Manmohan Singh to Bangladesh a success, the IBCCI President said the deals signed during the visit would be beneficial for both the countries, particularly for Bangladesh.

Matlub claimed under transit arrangement, the businessmen of India, Bhutan and Nepal were ready to provide logistics to Bangladesh government at half of the current cost for carrying goods from one country to another and from one state to another state of India.

He expressed the hope that both the agreements on transit and sharing of Tessta water would be signed within 2011.

 

[idune]

Have Bangladesh and Bangladeshis not learned anything dealing with indians?? Indian govt and business alike have only one goal in mind - that is exploit and deceive in Bangladesh.

Tata came with same intention before- asked Bangladesh to pay for its gas and tax and land. What a wonderful business!! This time it will not be any different, only different deception tactics will be used.

Abdul Matlub Ahmed and people like him should be hanged upside down for their anti Bangladesh activities.

 

[venu309]

Have Bangladesh and Bangladeshis not learned anything dealing with indians?? Indian govt and business alike have only one goal in mind - that is exploit and deceive in Bangladesh.

Tata came with same intention before- asked Bangladesh to pay for its gas and tax and land. What a wonderful business!! This time it will not be any different, only different deception tactics will be used.

Abdul Matlub Ahmed and people like him should be hanged upside down for their anti Bangladesh activities.

It was the delay on your Government that had forced Tata to suspend the project.

BBC NEWS | South Asia | Tata halts Bangladesh investment

Please check this link

 

[idune]

It was the delay on your Government that had forced Tata to suspend the project.

Don't talk about things you don't know.

 

[brational]

Indian Corporates should not be allowed in BD. They will use BD and kill the local market.. God save BD.

 

[cybertron]

Indian Corporates should not be allowed in BD. They will use BD and kill the local market.. God save BD.

good that u posted it way b4 anyone else got the chance to say it.

 

[RockyX]

Bangladesh should banned all Indian investors to invest there. Already Hasina is an Indian agent now what more BD wants from evil Indians ?

 

[nForce]

So Bangladeshis are against investment or what?

 

[T90TankGuy]

Bangladesh should banned all Indian investors to invest there. Already Hasina is an Indian agent now what more BD wants from evil Indians ?

deleted post

 

[punit]

resistance is futile now. Govt and opposition both our stooge.

 

[idune]

india with its hegemonic wish created the condition result of which india will face for generation to come.

 

[RockyX]

india with its hegemonic wish created the condition result of which india will face for generation to come.

Don't worry about India. We are investors and not inviting for invest. Think of Bangladesh only as BD can't even face in next 100 years.

 

[venu309]

BBC NEWS | South Asia | Tata halts Bangladesh investment


Tata halts Bangladesh investment

Indian industrial giant Tata has said it is suspending work on a $3bn investment in Bangladesh because of delays by the government.
Tata planned to build a power plant, steel mill and fertiliser factory in the country, making it the single biggest investment in Bangladesh.
On Sunday, senior Bangladesh ministers said general elections due in January made it hard to accept the proposals.
A government spokesman said they hoped Tata would return to Bangladesh.
The announcement by Tata was made after a meeting between its negotiators and officials of Bangladesh's Board of Investment.
"We are extremely disappointed and frustrated... we thought the projects were good for the country's economy, for the people and the balance of payment," Alan Rosling, executive director of Tata Sons, told journalists in Dhaka.
He said they had discussed the issue with senior ministers and key officials for the past two days.
"All of them appreciated our proposals, but they could not go beyond politics," Mr Rosling is quoted as saying by Reuters.
Politics
The BBC's Waliur Rahman in Dhaka says the government is hesitant about reaching an agreement on a big investment plan ahead of the elections.
Reports say some politicians and economists have said that Bangladesh should not rush to accept Tata's proposals because they may eventually go against Bangladesh's interests.
But ministers say the delay is not due to any "anti-India" bias.
Bangladesh has however found it hard to attract money - total foreign direct investment (FDI) in Bangladesh since 1972 has totalled $3bn. The World Economic Forum (WEF) said in a 2004 report that Bangladesh was one of the most uncompetitive places to do business.

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May be because of their negative approach, as we see on PDF itself, BD does not seem very conducive to investments.

 

[Kaislerlaut]

Good news. Both country trade will benefit.

 

[Mindfreak103]

If indians invest in bd then it is only gonna produce +ve results for bd . U'll have employment , more companies , a much open economy . what harm is it huh . It is for bd's betterment to create more jobs , yet i find some members here seeking this as unnecessary . EHSAAN FARAMOSH !!!!