New Delhi: Leading Industrial Group Tatas has evinced interest to invest two billion Dollars in Bangladesh in Power, Steel and Fertiliser sectors.

"They (Tatas) are very serious. Details would be worked out in the next few months," Bangladesh Investment Board Executive Chairman, Mahmudur Rahman, told.

The all-powerful Investment Board came directly under the Prime Minister's Office and Rahman has the rank of a Minister.

Rahman, now on a visit to New Delhi, said India and Bangladesh have decided to consider a strategic alliance in the Textiles sector to fully realise the potential with the dismantling of quota system (Multi-fibre Agreement) by January 1, 2005.

"It will be a win-win situation if both countries have alliance in textile sector," he said after his meeting with Minister of State for Commerce and Industry E V K S Elangovan.

While India has strong primary textiles sector, Bangladesh has strong clothing and garment sector.

Rahman, who is leading a high-powered delegation, said his country with a strong garment industry could complement India in facing global competition in the textiles sector after the end of the quota regime.

Bangladesh's $ 5.5 billion apparel exports is the sixth largest in the world and bilateral cooperation in this sector would help the two countries face stiff competition from China, he said.

He said Bangladesh was keen to strengthen Indo-Bangla ties in gas-related industry, agro-processing, leather and Information Technology.