Seminar on German tech for Bangladesh’s industrial development held in Ctg

A 22-member delegation from 12 companies of German Engineering Federation (VDMA) led by Rajesh Nath, managing director of VDMA India, visited Bangladesh from January 14 to 17.

Top executives of several German companies including SMS, Jungheinrich, Lechler, Lenze Mechatronics, Ringfeder, Netzsch Technologies, Omron Automation, SchuF, Igus, Vautid, Weidmuller Electronics & ZwickRoell were accompanied by Jan Janowski, Deputy Head of Mission, Embassy of the Federal Republic of Germany, said a press release.

The delegation trip commenced with a seminar in Dhaka at Dhaka Chamber of Commerce and Industry (DCCI) and concluded with a seminar at at Radisson Blue, Chattagram, which was attended by over 100 participants from the local industry.

While attending the concluding session, Rajesh Nath said, “This is just the beginning and VDMA is looking forward to closer cooperation and interaction with the Bangladesh industry to foster the bi-lateral trade in the industrial sector.”

Germany is one of the biggest export markets for Bangladesh and the two countries’ bilateral trade volume is growing steadily, reads the release.

The bilateral trade between Germany and Bangladesh amounts is over $8 billion while the export of German machinery to Bangladesh is around Euro 280 million.

In sectors like Food Processing and Packaging Machinery, Textile Machinery, Material Handling, Process Plant and Equipment, the export of German machinery to Bangladesh have been growing over the years, it said.

There is immense potential to expand German-Bangladesh bilateral trade in the future, keeping in mind the need for environment and labour-friendly production.