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.
ADP implementation rate reached 14.51 per cent
The implementation rate of the Annual Development programme (ADP) has reached 14.51 per cent during the July-October period of the current fiscal year (FY18). During the same time in last year the implementation rate was 13.60 per cent. The overall expenditure this year was Tk 238.15 billion compared to Tk 167.72 billion of last year.
Of the overall expenditure, Tk 115.55 billion were spent from the GoB fund with an implementation rate of 12.10 per cent, Tk 111.19 billion were spent from project assistance with an implementation rate of 18.40 per cent while remaining Tk 11.42 billion were spent from the organisation’s own fund with an implementation rate of 14 per cent, according to the latest statistics of the Implementation Monitoring and Evaluation Division (IMED).
Captive power plants to face reduced gas supply
Bangladesh government is considering gradually reducing the gas supplied to captive power plants which are localized power generation facilities solely used by commercial or industrial consumers. The surplus will be diverted to public and private power plants and industries instead. Around 17% of the total gas consumed currently goes to the captive power plants.
The government began to allow captive power generation during the mid-1990s due to an unreliable power supply.
Two more leather industry zones planned for Chittagong and Rajshahi
With the hope of obtaining $ 5 billion export earnings from the leather, leather goods and footwear sector, Prime Minister Sheikh Hasina today announced the plans to set up two more leather industrial estates in Rajshahi and Chittagong divisions. The announcement came during the inauguration of the three-day Bangladesh Leather Footwear and Leather goods International Sourcing Show (BLLISS)-2017 at the International Convention Centre Bashundhara (ICCB).
PM also urged the foreign investors and buyers to invest more in Bangladesh’s leather sector and source more leather products from Bangladesh.
