India to push Tata-plan

The Indian government is using its decision to allow foreign direct investment (FDI) from Bangladesh, to push for a speedy-clearance of the Tata Group’s plans to invest in Bangladesh.

A notification has now been issued to allow FDI from Bangladesh through the Foreign Investment Promotion Board (FIPB), commerce-minister Jairam Ramesh, has said.

“The Tata investment would be the single largest FDI in Bangladesh, more than all the FDI the country has received till now,” Mr Ramesh told the Economic Times.