Reuters has reported that Indian conglomerate Tata, has suspended further work on its $3 billion investment plan in Bangladesh because of delays by the Bangladesh authorities in taking a decision. The announcement was made by a senior Tata official Monday.Tata's proposal includes building a steel plant, a urea factory and a 1,000 megawatt gas-fired power plant, as well as developing a coal mine in Bangladesh.
Alan Rosling, executive director of Tata & Sons, told reporters after a meeting with Mahmudur Rahman, Bangladesh's energy adviser and executive chairman of the Board of Investment, that "All the development activities on our proposed projects have been suspended since we did not get any decision from the government."
