Bangladesh is willing to set up a urea factory in Iran under a joint-venture investment of the two countries.
Industries minister Amir Hossain Amu, who is now visiting Iran, expressed the interest during a meeting with governor general of Isfahan province M Rasoul Zargarpour at the latter’s office on Monday, said an industries ministry release.
The minister urged the Iran government to consider allocating land in the industrial area near Chabahar sea port for setting up the fertiliser factory.
He also said any renowned company may be included in the process as the third party along with Bangladesh and Iran if it is necessary.
Amu stressed the need for boosting the economic and commercial ties between the two countries through enhancing the partnership of public and private sectors in industrialisation and investment.
He also expressed Bangladesh’s keenness to import railway wagons from Iran for transporting ammonia to the country’s fertiliser factories.
The Isfahan governor general welcomed the proposal of Bangladesh to set up the fertiliser factory in Iran, saying his country will take necessary steps to implement it.