The government is unlikely to reply this month to the Indian Tata Group on its revised investment proposal of $ 3 billion in Bangladesh.
Executive Chairman of Board of Investment (BoI) Mahmudur Rahman said the Tata Group had been verbally communicated about the matter.
"We didn't have any formal contact with Tata after it submitted its revised proposal on May 1, but informally we have communicated the matter," he said.
Earlier, Tata while submitting the revised offer had urged the government to make its decision by May 31.
Mahmudur Rahman, also Adviser of the Energy Ministry, told the news agency that he has sent the Tata's revised proposal to the government negotiation committee headed by the Communication Secretary for its evaluation.
"The committee is now studying the revised proposal... I think, they will place their evaluation by the end of the current month," he said.
Meanwhile, quoting Alan Rosling, the head of the Tata negotiation team, different media in New Delhi reported that Tata has been informed about the delay.
"We have been informed that the Government of Bangladesh will require more time to revert on our proposal," Rosling, executive director of Tata Sons, told the media in New Delhi.
However, Rosling added: "Due to the budget this week, I think it will take them longer than just two weeks as the secretaries will not meet again until next week.
