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Indian Industrial giant Tata Group is likely to submit a revised offer by the end of the current month, according to a reliable source in Tata, reports UNB.
The source said that a group of experts are working at the Tata headquarters in Mumbai to prepare a detailed and comprehensive offer on the company's US$ 2.5 billion investment in Bangladesh.
Bangladesh resident director of Tata Group S Manzer Hussain was summoned to the headquarters to give inputs to help prepare the revised proposal.
Tata Group chairman Ratan Tata also met his senior executives, including the group's Bangladesh resident director, to discuss the issues related with the revised proposal for investment in Bangladesh.
Earlier, Tata officials noted that they might place their revised proposal in the second week of April. Ratan Tata also gave similar indication in a letter to the executive chairman of Board of Investment (BoI) Mahmudur Rahman in the last week of March.
Meanwhile, during the recent visit of Prime Minister Khaleda Zia to India, Tata officials met with Finance and Planning Minister M Saifur Rahman to convey their commitment to investment in Bangladesh.
Referring to all these, Tata officials claimed that despite some speculations in the local newspapers about their proposed investment, they strongly believe that "things are moving in the right directly and the investment will take place through a `win-win deal'.
Tata Group's Bangladesh resident director S. Manzer Hussain, who returned to the city on Tuesday (April 4) after a 10-day stay in India declined to say anything about his India tour.
He, however, said that his company still has strong commitment to the proposed investment in Bangladesh.
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