Indian business tycoons propose $11 billion investment in Bangladesh

Indian business tycoons Gautam Adani and Anil Ambani have proposed investments totalling $11 billion in different sectors of Bangladesh.

The Indian High Commission said they made the proposal in the Bangladesh Investment and Policy Summit that ended on Monday in Dhaka.
 
Gautam Adani, Chairman and Founder of the Adani Group of Companies, focused on power, ports and other infrastructure areas for his $8 billion investments.  
 
He showed interest in setting up a 1600 MW power plant in Bangladesh and another 1600 MW power plant in India for exclusive power supply to Bangladesh. 
 
He also spoke of using the Dhamra deep sea port in Orissa for bilateral trade with Bangladesh, including under the Coastal Shipping Agreement.
 
Anil Ambani’s $3 billion investment proposal was made by his Reliance Group’s Vice President Samir Gupta in his absence.
 
The Group proposed to invest in setting up the largest integrated LNG-based combined cycle power plant in Bangladesh with a total capacity of 3000 MW, along with LNG pre-gasification facilities.
 

The Indian High Commission said the Chief Minister of Meghalaya Mukul Sangma also joined the summit along with the strong Indian business delegation.

Sangma also invited investments and collaborations with Bangladesh in regional connectivity through Meghalaya into North Bengal, Bhutan and Nepal.

He also invited investments in hydroelectricity, sustainable agriculture including innovative use of bamboo, agar, spices and other cash crops, and tourism.