Tata Sons, which has been holding negotiations with the Bangladesh 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, okay let them tell us. We can go to Egypt, Iran and Kuwait," Alan Rosling, executive director of Tata Sons, told UNB while talking about the progress in negotiations. Tatas had 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.The group, however, seems to be running into irritants. 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 Tatas were keen on clinching the deal, which he said would enable the company play a significant role in the country's economic development.
