The Tata Group is looking for investments in Bangladesh's steel, power and fertiliser sectors worth $2billion, a media report said in Dhaka on Saturday.
The Tata Group Chairman Ratan Tata is likely to visit the country in mid-August to discuss investment plans with top government leadership, including Prime Minister Khaleda Zia, the Financial Express newspaper reported.
His visit is aimed at getting the 'ball rolling' on the investment proposals.
The Tata Group has already submitted proposals to state-run Board of Investment for investing $700 million in basic steel, another $700 million in power and an additional $600 million for an urea fertiliser plant, the report said.
The country has nine medium-sized steel mills, but none produces basic steel.
The Indian conglomerate sought to produce 1,000 MW of electricity for the country, often hit by blackouts, while the fertiliser factory in southeastern Chittagong port city would have one million metric tones production capacity, it said.
The cash-strapped Bangladesh has been seeking direct foreign investment as it is making conditions for business ventures lucrative.
Tata vehicles are very popular in Bangladesh.
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