Portuguese envoy for bilateral trade in leather,IT sectors

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Express news service

Posted online: Sunday , April 06, 2008 at 01:59:52
Updated: Sunday , April 06, 2008 at 01:59:52

Kolkata, April 05 Portuduese Ambassador to India Luis Fillipe Castro Mendes, who was in the city today, said there is a great opportunity for bilateral trade, tie-ups and joint ventures between the companies in his country and West Bengal in leather, textiles and the IT and ITES sectors.

“The key strengths of our country are leather, textiles and IT, same as West Bengal,” said the ambassador at an interactive session with the CII.

Mendes admitted to the fact that though there were historical ties between the two countries, the bilateral trade has been low. Portugal's exports to India stood at 260. 89 million dollars, while the import was to the tune of 30.25 million dollars in 2005-06.

At present, Indian companies such as Wipro Technologies, Ranbaxy Laboratories Ltd and Tata Consultancy Services have offices in Portugal. Portuguese electronics company Efacec has entered into a joint venture with the Godrej Group, providing warehousing, automated storage and retrieval system solutions. A leather company has started footwear production from Chennai, he said.

“We also want to attract more tourists from India to our country as Portugal is one of the top 20 tourist destinations in the world,” said Mendes.

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