In early February 2012, CEAT, announced its plans to foray in Bangladesh. The company intends to set up a tyre manufacturing plant in Bangladesh at an investment of Rs 250 crore by 2015. "Our board has approved to set up a plant in Bangladesh. This would be the company's first plant in Bangladesh, where it was already exporting tyres from India. This will be the first such big tyre plant in Bangladesh," Paras Chowdhary, Managing Director, CEAT.

The facility will initially roll out only cross-ply tyres for various segments like trucks and light commercial segments. Currently, the company is scouting for land to set up the manufacturing facility. Bangladesh is the CEAT's second overseas manufacturing location; the company currently operates three plants in Sri Lanka through its CEAT Kelani Holding JV alongside its three Indian facilities.

Also, NTPC, through its wholly owned trading arm NTPC Vidyut Vyapar Nigam has signed a long-term agreement to supply power to the Bangladesh Power Development Board (BPDB). It will supply 250 MW to the BPDB. The power will flow through a 500-MW line between Baharampur in West Bengal's Murshidabad district and Bhermara in Ishurdi- Khulna area of western Bangladesh.

Further, Binani Industries (BIL), as a part of Braj Binani Group's strategy to expand its footprint in the global fibreglass market, acquired 3B - The Fibreglass Company ('3B'), a Belgian fibreglass company. The acquisition was valued at Euro 275 million (approx Rs 1,773.75 crore). BIL has acquired the entire equity interest in 3B from private equity investor Platinum Equity. BIL will own 3B's plants in Battice (Belgium) and Birkeland (Norway). 3B is a manufacturer of fibreglass for reinforcement of thermoplastics and thermoset polymer applications, and is a preferred supplier to global companies in industries, including automotive and wind energy. With this acquisition, Binani will become a prominent supplier to industries such as automotive, wind energy, electrical, electronics, marine, infrastructure and transportation, primarily in Europe.

Another notable investment proposals during the month included that of Tata Power's plans to develop a geothermal project in Indonesia; Steel Strip Wheels' proposed wheel manufacturing facility in Morocco etc.