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     Czech Republic shown interest in joint-venture  | 
  
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       News  | 
    
       April 16, 2000 
 Dhaka,
      Apr 15 (UNB) – Czech Republic has shown interest to invest in
      joint-venture projects in Bangladesh’s burgeoning gas and energy sector
      in addition to setting up of fertilizer factories.   This
      was indicated by the visiting Vice Minister for Industry and Trade of
      Czech Republic, Jiri Maceska, when he met with 
      Industries Minister Tofail Ahmed at his official residence here
      today.   “We
      have a long experience in power generation, gas distribution and other
      manufacturing industries,” the Czech Vice Minister said.    In
      this context, he mentioned that some projects in Bangladesh including
      Shikalbaha Hydroelectric Project, Dhaka Leather, Bangladesh Insulator and
      Sanitary Ware Factory had adopted Czech technologies.   Jiri
      Maceska invited Tofail to visit his country with a view to exchanging
      ideas with the government and potential investors of Czech Republic.   Appreciating
      the interest shown by the Czech Vice Minister, Tofail said the economy of
      Bangladesh is flourishing steadily and the country would become
      self-reliant by properly using its gas reserve and human resources.   He
      said the government has planned to set up more urea factories in the
      country as the present production can meet 80 per cent of the demand. The
      annual growth of fertilizer use in Bangladesh is 6 per cent, he mentioned.   Additional
      Secretary of Industries Ministry KM Ehsanul Haq was present. 
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