Indian business conglomerate Tata Sons has said that it was keen on being a part of Bangladesh's economic development, but noted it would be forced to look for investment opportunities elsewhere if Dhaka does not come out with favourable contracts.
Tatas, which has been holding negotiations with the government for investing $3 billion in steel, power and fertliser plants, wants contracts for its proposed plants to be of international standards.
"If the government does not want to allow, let them tell us. We can go to Egypt, Iran and Kuwait," Tata Sons executive director Alan Rosling said.
The Tatas submitted the investment proposal in April this year and have been negotiating fiscal incentives on the investment, gas security, gas price and tariff for purchase of power produced by the company's plant.
But hardly anything has gone in favour of the company.
Earlier, it was denied the Petrobangla gas deal, necessitating submission of a fresh proposal to get uninterrupted gas supply. The government had also cut short their demand for 10 years tax holiday to six.
Rosling, however, said the Tatas were keen on clinching the deal, which he said would enable the company play a significant role in the country's economic development.
Explaining the investments for the country, the Tata executive said Bangladesh would derive investments equivalent to 2.7 billion dollar of overseas development assistance to Bangladesh since 1971.