Tata and Bangladesh

By A Tata watcher On e-mail
20 August 2005, 18:00 PM
Your "reader" (DS: Aug 13) has presented a broad pros and cons scenario of the proposed Tata investment in Bangladesh. However as far as one can gather, till date it seems to be a one way traffic. Figuratively, it appears that Tata is ramming into Bangladesh's limited natural gas resources; and that too at special favoured prices!

In return their proposals both for steel and fertiliser production is flawed. The steel product proposed, is not what we need, and may be most of it has to be sent to India at a specially favoured price! The fertiliser production will waste a lot of ammonia, which may also have to be sent to India for further processing or could destroy our environment. Only the coal based power plant and coal mining proposal appears to be realistic on its own.

Tata's attitude seems to be take it or leave it. One wonders if the whole idea is to utilise cheap natural gas from Bangladesh for making products for Indian consumption. In the national overview the potential employment of around 2,000 people is nothing compared to the benefits for Tata. May be it is an indirect way of taking natural gas from Bangladesh to serve Tata and India's interest.

Let the nation be aware, and carefully look before we leap and ink a fundamentally flawed agreement to sell out our steel and fertiliser future for a pittance. It is not just a minor issue.