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| Bangladesh |
| Tata scraps $3 bn Bangladesh investment plan |
| 2008-08-01 |
| Diversified conglomerate Tata Group has abandoned plans to invest USD three billion on power, steel and fertilizer projects in Bangladesh, after spending four tiring years trying to secure infrastructure support. Tatas, who made global headlines with the acquisition of Anglo-Dutch steel maker Corus and British auto companies Jaguar and Land Rover, first took their investment proposal to Bangladesh in 2004. As part of the formal investment blueprint submitted to Dhaka in April 2005, Tata Steel proposed to set up a 2.4 mtpa plant, Tata Chemicals a one million tonne urea plant and Tata Power a 1,000 MW thermal power plant at a combined cost of USD 2.5 billion - which was to be the single largest FDI inflow into Bangladesh since its independence in 1971. |
| Posted by:john frum |
| #10 Bangladesh is a Lovely Shit-Hole-Li-O.... xbalanke: I guess the B'deshis don't quite grasp the concept that you're, like, supposed to do something in exchange for all that baksheesh. LOL!! ed JFM, that is a good example of why helping any muslims, in any way, is a waste of scarce resources and will come back to bite us. Brutal... Mad Eye They must have heard how much beggars earn. The entire Nation... you must must begin bribing and/or begging yourself or you will starve or worse.. SPIT |
| Posted by: Red Dawg 2008-08-01 23:46 |
| #9 Bangladesh is a terribly frustrating place. With government so obnoxious that anarchy would be preferable; more government per capita than the US; some of the world's most fertile farmland, where the government demands they only grow worthless jute fiber. They could be extremely wealthy, but they are addicted to international welfare, socialism and Islam. |
| Posted by: Anonymoose 2008-08-01 23:24 |
| #8 Tawi Tawi bekons |
| Posted by: .5MT 2008-08-01 15:26 |
| #7 JFM, that is a good example of why helping any muslims, in any way, is a waste of scarce resources and will come back to bite us. |
| Posted by: ed 2008-08-01 14:56 |
| #6 What is incredible is that after being killed and raped in the millions by Pakistanis, after having the Islamic world make a thundering silence on their plight, after being rescued by Indians (aka infidels) Bangladeshis are rooting for Islamism and Al Quida while doing sailent ethinc cleansing from Bangladeshi Hindus. |
| Posted by: JFM 2008-08-01 14:34 |
| #5 ...after spending four tiring years trying to secure infrastructure support. I guess the B'deshis don't quite grasp the concept that you're, like, supposed to do something in exchange for all that baksheesh. |
| Posted by: xbalanke 2008-08-01 14:06 |
| #4 Ta-ta, Bangladesh... |
| Posted by: tu3031 2008-08-01 13:03 |
| #3 UNOCAL left Bangladesh because the Government refused to allow it to sell gas to India. Now TATA is gone, along with another few billion in badly needed investments. |
| Posted by: john frum 2008-08-01 08:18 |
| #2 Tata is a smart company and they also produce the air car - runs on a compressor and gets over 100 mpg. |
| Posted by: Jack is Back! 2008-08-01 04:52 |
| #1 They must have heard how much beggars earn . |
| Posted by: Mad Eye 2008-08-01 04:50 |