CPD RMG Study Stitching a better future for Bangladesh
Every day, CPD RMG Study team reveals what’s on our economic and apparel radar and curates a selection of the best reports, opinion, and analysis you may have missed
Germany to provide 7m euro grant for RMG sector of BD
Germany will provide seven million euro as grant aimed at enabling an effective utilization of credit, promote workers’ safety and improve environmental standards in Bangladesh’s Readymade Garments (RMG) factories, English language daily New Nation reported.
The amount would be given through Germany’s KfW and GIZ under the project “Financing of Environment and Safety Retrofits in the Bangladesh Ready Made Garments (RMG) sector”, the report added.
Bangladesh seeks to tie up with India
World’s second largest apparels exporter, Bangladesh, is keen to collaborate with India on various fronts such as creating supply chain, technology and textile education. Bangladesh government officials and textile industry stakeholders see a huge potential for synergies between the two countries, Times of India reported.
The garment owners of the country are yet to be informed of an agreement between the leading global fashion brands and trade unions to extend a safety programme in garment factories in Bangladesh for another three years, Daily Observer reported.
Garment makers oppose Accord’s time extension
Local garment manufacturers have opposed the time extension of the Bangladesh Accord on Fire and Building Safety by three more years, saying factory remediation work will be completed within the current tenure, the Daily Star reported.
“We don’t accept the new agreement. It is a unilateral decision by the Accord,” the report quaoted Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) as saying.
