Mittal is interested to invest $2.9 bln in Bangladesh

After TATA Group, A largest business company both India and UK based group of company Mittal is interested to invest in Bangladesh. Their plan to invest in energy, power generation, coalmine development, and production of ethylene dichloride, caustic soda, LPG (C3) LPG (C4) and hydrogen sector.

This is our rough estimation, but it may increase or decrease after necessary evaluation," Vinod Mittal, managing director of Ispat Industries Limited (IIL), which is controlled by Mittal family members, told reporters on Monday.
A Mittal Group delegation arrived late on Sunday to sign a memorandum of understanding (MOU) on the investments, which include $300 million for mine development, $100 million for oil exploration and production, $500 million for power plants, $1.5 billion for petrochemicals and $500 million for liquefied natural gas (LNG) and related projects.