Swiss trade and bilateral relations authorities on Monday expressed thier interest to get involved in the establishment of technologically-advanced factories in the small and medium enterprise (SME) sector of Bangladesh, particularly the agro-processing industry.
The interest was conveyed when a visiting Swiss delegation, headed by Eric Martin, ambassador of the Federal Council for Trade Agreement and also the head of Bilateral Economic Relations, called on Industries Minister Dilip Barua at the his office, said a handout.
The Swiss businesses want to establishe factories with cutting-edge technologies in agro-processing and other types of industries in the SME sector, the delegation said.
This will open up new horizons of value additions on products, they added.
Welcoming the gesture of the Swiss authority, Industries Minister Dilip Barua said the steady growth of the country’s internal market has created suitable conditions for setting up high-tech factories under joint ventures.
He noted that besides the agro-processiong industry, there is also bright prospect for investment in the ship-breaking, ship-building, light engineering, tannary, pharmaceuticals and plastic goods industries in Bangladesh.
Barua said the government has been giving lot of emphasis on scaling up the research and development functions on the industries for developing the product-quality and for value addition.
The government is also interested to sign an agreement with its Swiss counterpart for the modernisation of the policies and laws on intellectual property rights, he added.