India set to seal US$1.6b power deal in Bangladesh
New Delhi
A STATE-RUN Indian firm is poised to seal a contract to build a US$1.6 billion power plant in Bangladesh, beating out a Chinese competitor in the latest commercial tussle between the region's two dominant powers.
After China's recent success in pushing development projects in Sri Lanka, a breakthrough in Bangladesh would be welcome news for Indian officials who have long fretted over Beijing's encroachment on to territory it considers its own backyard.
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