A high level delegation of the Mittal Group, a Britain based Indian industrial giant, arrived here Sunday with more than 3 billion U.S. dollars investment proposal, Bangladeshi news agency UNB reported.

"We want to be a development partner in Bangladesh. We find the atmosphere now investment-friendly and we may invest more than 3 billion dollars in different sectors, mainly power and energy," VK Mittal, Managing Director of the Mittal Group, told reporters on arrival at the airport.

The Mittal Group is scheduled to sign an MOU (Memorandum of Understanding) with the Board of Investment (BOI) on Monday, officials who received the delegation said.

The Mittal Group is one of the largest business conglomerates in India and Britain with 28 billion dollars investment in 27 countries of Europe, Asia, Africa and America.

The group has already expressed its keen interest to invest in different sectors in Bangladesh through its local agent GRH Bangladesh Limited, which has arranged the visit of the delegation.

It plans to invest in energy, power generation, coal mine development, and production of ethylene dichloride, caustic soda, etc.

GRH Chairman Syed G Dastagir Nishad was quoted as saying that they have identified the areas of investment. Energy sector, particularly exploration of gas and power generation, will get top priority.