Essar looks to Bangladesh for capacity expansion
India's Essar group is reportedly considering a $1 billion investment in
Bangladesh aimed at establishing a 450 megawatt power plant and a one million metric ton annual capacity steel mill.
The
investments are a part of the group's efforts
to expand capacity .
Jindal and
Tata are the other major Indian steel makers who have recently made considerable
investments in
Bangladesh. These two companies have invested $700 million and $2 billion in
Bangladesh respectively.