Tata's withdrawal & FBCCI
Tata recently withdrew its $3b investment proposal after the Bangladesh government failed to give any commitment on gas supply. The FBCCI and some economists commented that it would have a negative impact on foreign investment in the country in future.
Interestingly, a press statement of the FBCCI last Friday said that production in the gas-run industrial units was being hampered to a great extent. For this reason they will talk about the gas supply issue with the government.
Now, if the government committed the huge gas supply to Tata, it is easily understood that the gas supply situation to the local gas-run industrial units would worsen. In this connection, I would like to say without hesitation that business and policy organisations and experts are not concerned about scarcity of gas or the interest of Bangladesh.
The $2-3b investment proposal was years old. Why didn't the experts explain the issue to the GoB in a systematic manner?
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