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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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