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Tata optimistic about Bangladesh investment plans
Shamsul Huq Zahid
3/4/2005

JAMWSHEDPUR (India), Mar 03: Ratan Tata, who heads India's one of the largest business conglomerates, expressed his strong optimism about Tata's plan to invest in steel and power sectors in Bangladesh.
"Until now, we have not come across any problem. Things are progressing very smoothly and the Bangladesh government has been extending its very warm cooperation", the chairman of the $14 billion group told a group of Bangladesh newsmen who have also been invited to attend the Founder's Day celebration in this industrial town on the day.
The Tata group signed an expression of intention (EoI) in the middle of last October to make investments worth $2.0 billion in Bangladesh. Ratan Tata personally witnessed to EoI signing ceremony in Dhaka.
The Tata Chairman flew in to Jamshedpur from Mumbai by his personal jet this morning to attend simple but impressive ceremony held at the premises of the huge Tata Steel Complex.
"We are committed to invest in Bangladesh. If it does not happen that would be due to factors that are beyond our control", Tata said.