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Italian delegation sign MoUs with Indian bodies

An Italian business delegation has signed MoUs with Indian organizations dealing in leather, jems and jewelry sectors during the Bengal Global Business Summit (BGBS) 2018 in Kolkata.

lucknow Updated: Jan 22, 2018 15:06 IST
HT Correspondent
HT Correspondent
Hindustan Times, Kanpur
Italian delegation,MoU,Indian business
The MoUs were signed in the presence of Council for Leather Exports (CLE) chairman Mukhtarul Amin.(istockphoto)

An Italian business delegation has signed MoUs with Indian organizations dealing in leather, jems and jewelry sectors during the Bengal Global Business Summit (BGBS) 2018 in Kolkata.

The MoUs were signed in the presence of Council for Leather Exports (CLE) chairman Mukhtarul Amin on January 17.

The CLE is an autonomous non-profit company registered under the Indian Companies Act, 1956 entrusted with export promotion activities and development of Indian leather industry with its zonal office in Kanpur.

The first MoU was signed between Italy-based Dassault Systems and Engineering Export Promotion Council (EEPC), CLE and Indian Chamber of Commerce and Gems and Jewelry Federation (GJF) for design support in their respective design centers.

The second MoU was signed between Italian Leather Research Institute Stazione Sperimentale Industria Pelli (SSIP), Calcutta Leather Complex tanners Association and CLE, for technology exchange and training.

Addressing the Italian delegates during the event ‘Country Session’, Amin highlighted the role of Indian leather industry in the global market and its salient features.

He told the members of the Italian delegation, who represented different industrial segments including leather, that the Indian leather industry was the perfect partner not only for sourcing but also for joint ventures, technical collaborations and investments.

Amin said India accounts for 13% of global finished leather production, producing 3 billion square feet of leather annually.

He also invited Italian entrepreneurs and technical experts to join hands with the Indian leather sector for setting-up of mega leather clusters, common effluent treatment plans, moving-up the value chain through design development and other expansion efforts of the industry.

He further said: “People of both India and Italy enjoy good food, are proud of their rich cultural heritage and work hard to go ahead in life and we can do wonders if business communities in both the countries join hands and take up collaborative projects,” he added.

First Published: Jan 22, 2018 15:06 IST