Bangladesh on Wednesday indicated that a decision on Tata Group's proposed $3 billion investment in that country may take a while, as it is not a "priority" of the caretaker government."Our main priority is to hold elections. That's what we have told them (Tatas)," press secretary to Bangladesh chief adviser Syed Fahim Munaim said on the sidelines of the SAARC Summit.
The Tata Group had proposed to invest over $3 billion to set up power, steel and fertiliser projects in Bangladesh, but government approvals have been hard to come.
Asked whether the Tatas have threatened to shelve the investment plans, Munaim said they only asked for a "decision".
But, the Bangladesh government has informed the Indian business house that it "needs to examine the project afresh" and it would take time.
Asked how long Tatas would have to wait, Munaim said: "We have other priorities". On what if Tatas decide to abandon its Bangladesh plans, Munaim said it was completely "up to the investors".
A Tata Group official had last month said that "more time it took to come to an agreement or more delays happen, the more difficult" it would be to invest in that country.
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