Bangladesh, Italy discuss investment, technology cooperation in leather sector

Bangladesh and Italy on Wednesday discussed enhancing investment, technological cooperation and business partnerships in Bangladesh’s leather sector, including a possible visit by a Bangladeshi delegation to Italy.

The discussion took place between Commerce Minister Khandakar Abdul Muktadir and Italian Ambassador to Bangladesh Antonio Alessandro at the Ministry of Commerce in Dhaka, according to a press release.

Muktadir said the proposed visit to Italy would focus on attracting new investors, expanding technological cooperation and strengthening international partnerships in Bangladesh’s leather industry.

The Italian ambassador proposed visits to Milan, Florence and Rome to showcase Bangladesh’s leather-sector capabilities, environmentally friendly production facilities and investment opportunities to Italian businesses and investors.

He suggested meetings with business organisations in Milan, visits to leather industry areas in Tuscany and government-level discussions in Rome to establish contacts with potential investors.

The meeting also underscored the importance of international-standard certification, environmental management and an investment-friendly environment in Bangladesh’s leather industry.

The Italian ambassador said progress in these areas would help expand mutually beneficial partnerships between companies from the two countries.

Waste management at the Savar Leather Industrial Estate also came up for discussion.

The Bangladesh side said large factories would be encouraged to develop their own waste-management facilities, while central facilities would continue to serve smaller factories. Plans are also being taken to promote the recycling of industrial waste.

The meeting also discussed the registration process of the Italy Chamber of Commerce and Industry in Bangladesh.

Both sides expressed optimism about further strengthening trade, investment and industrial cooperation between Bangladesh and Italy.

Prime Minister’s Finance and Planning Adviser Professor Dr Rashed Al Mahmud Titumir was present at the meeting.