Lampomacchine, Banital sign agreement

Lampomacchine Int'l SRL of Italy and Banital Shoe Industries Ltd have signed a technical, management and marketing agreement.

The accord was signed between the two sides in presence of the visiting Italian Trade Minister, Augusto Fantozzi at a city hotel on Friday, says a press release.

Under this agreement, Lampomacchine Int'l SRL will supply complete machinery, train the Banital workers and managers and provide experienced Italian managers for management and production besides assisting in marketing the end products.

When completed, the project will be the first of its kind in Bangladesh applying the most modern computerised designing system currently used in Europe.

Banital is situated in Savar, near Dhaka, a complete and a very modern 100 per cent export-oriented shoe production unit with a capacity of 2000 pairs per day men's and ladies shoes of international standard from Bangladesh leather for North American and European market. Banital will employ approximately 500 local workers and supervisory staff. The factory will be managed by a team of five Italian full time experts for productions.

The project is considered to represent a renewed interest in the Italian private sector to involve in Bangladesh's highly potential leather sector and to transfer technology and know how as a mutually beneficial collaboration.