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Czech Republic shown interest in joint-venture |
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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