Italy's Lombardy govt MoU with Bengal govt on industrial growth, research, skill dev

A MoU was signed on Thursday between the Lombardy Region government of Italy and West Bengal government to promote industrial growth, technical skill development and research & innovation in both the regions. Deputy Chief Minister of Lombardy Region government Fabrizio Sala and West Bengal Finance Minister Amit Mitra signed the MoU at the Bengal Global Business Summit (BGBS) here.

Also the minister for research, innovation, and export, Sala said the MoU will also help promote cooperation in the manufacturing sector, investment and process standardisation. "It will also help to exchange information on facilitation for trade exhibitions, trade fairs and business missions between the two regions," Sala said.

Another MoU was signed between the Indian Chamber of Commerce (ICC) and Jeollanamdo Province of the Republic of Korea on the sidelines of the BGBS. Both sides have set a target of bilateral trade and investments amounting to USD 30 million in the next three years, an ICC statement said.

They also hoped the initiative would help exchange economic data that would lead to enhancement of business and trade in the fields of chemicals, fertilisers, petrochemicals, ports and shipbuilding, SMEs, start-ups, agricultural produce, fisheries and other sectors.