Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 354 Fri. May 27, 2005  
   
Business


Altaf seeks Italian aid for leather sector


Commerce Minister Altaf Hossain Choudhury has sought assistance of the Italian government in supporting the emerging leather sector in Bangladesh to produce high quality leather products through transfer of technology and capacity building.

The minister made the appeal while addressing a roundtable at Milan, Italy, on Tuesday, according to a report received here yesterday.

The commerce minister, along with the members of Bangladesh business delegation, attended the high- profile roundtable jointly organised by AICE (Italian Foreign Trade Institution) and Promos, a special agency of Milan Chamber.

The minister had a very busy schedule in Milan on Tuesday meeting different chambers of commerce, trade associations, importers and prospective investors.

The sponsors of the roundtable invited the leading importers of Italy at the meeting, who showed keen interest in Bangladeshi products after visiting the Bangladesh Trade Show.

Speaking on the occasion, Altaf elaborated the best available package of incentives for which Bangladesh already received several foreign direct investments. He urged the Italian entrepreneurs to relocate some of their sunset industries in Bangladesh.

The minister mentioned that since Bangladesh imports a lot of capital machinery for its industrial and development sectors, Italian exporters might take full advantage of this and increase the trade volume.

He stressed the need for frequent exchange of business delegations between the two countries.

The Italian delegation praised the government of Bangladesh for organising the first single country trade show in Milan, which would help in improving the Bangladesh image and introducing various exportable products in Italy.