Adani, Bangladesh ‘have to sit and sort out issues’, says MEA

Responding to questions on this report, the Ministry of External Affairs’ official spokesperson Randhir Jaiswal said, “It is a private project. It is bound by a buyer-seller agreement between two parties — one party, which happens to be an Indian party, and the other party happens to the Bangladeshi party. It is for both these parties to decide, what do they want out of this arrangement, this agreement. It’s a buyer-seller, it’s a private engagement, so they’ll have to sit and sort out issues if they have this particular engagement.”

A senior functionary of the interim government who did not wish to be named told The Indian Express, “There will be scrutiny of Indian businesses, like the Adani business… 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 Financial Times reported on September 9 that Adani had warned the Bangladesh interim government that its backlog of overdue payments — of over $500 million — had become “unsustainable”.