Bangladesh to scrutinise contracts with Indian firms, including Adani power deal: Report
A senior functionary told ‘The Indian Express’ that foreign companies in Bangladesh must follow the law of the land.
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Bangladesh’s interim government is planning to examine the terms under which Indian businesses, including the Adani Group, operate there, The Indian Express reported on Thursday, citing an unidentified senior functionary.
The Adani Group exports electricity to Bangladesh from its unit in Jharkhand’s Godda district under an agreement signed in 2017.
The Bangladeshi senior functionary said that the Muhammad Yunus-led interim government will look into the contracts as “one cannot have a foreign company not follow the law of the land”.
The senior functionary told The Indian Express that although the Bangladesh government’s actions could be interpreted as targeting Indian businesses, that was not the intention. “They will be scrutinised for what they are doing here, how much is Bangladesh paying, is it justified, all these questions will come up,” the official said.
The statement comes two days after the Financial Times reported that the Adani Group had warned the Bangladeshi government that its overdue payments – amounting to more than $500 million, or over Rs 4,198.7 crore – had become unsustainable.
Commenting on reports that the Bangladesh government was planning to scrutinise the operations of Indian businesses, an Adani Power spokesperson said that the company had no knowledge about Dhaka reviewing the 2017 agreement.
“In the spirit of true partnership, we continue to supply power to them despite the massive outstanding owed to us,” the...
