Monday, July 14, 2008

The Natural Gas conspiracy

Everyone was under the impression that Bangladesh was floating on gas. TATA, the Indian giant who was so eager to step into Bangladesh and set up a fertilizer plant (to export fertilizer back to India, where else) suddenly backed down. The TATA deal was rejected by the previous government because TATA did not raise their offer.

TATA conspiracy
The caretaker's government got a renewed and raised offer, but not enough. But still the caretaker government opted to push through. And the government only stopped when TATA decided that enough was enough.

Dual Standards
What strikes me as odd, is that even though local industries are lacking gas and have been steadily deprived of their energy requirements, the caretaker government goes out of its way make all amends from TATA. The same can be said for Mittal's steel mills (a memorandum was signed to this effect). But the government does not notice that a newly minted Tk 300 crore local steel mill is not getting enough gas to run the plant properly.

Yet the caretaker government is still willing to lay down the carpet for TATA and Mittal.

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