Home / Knowledge / News / Apparel/Garments / Japan to extend $10mn for Bangladesh RMG building safety
Japan to extend $10mn for Bangladesh RMG building safety
31
May '13
Japan will extend a sum of Tk 1 billion (US$ 10 million) to Bangladesh for reconstruction of readymade garment (RMG) manufacturing factories in Bangladesh that are in dire state.
 
The loan will be issued by the Japan International Cooperation Agency (JICA) under its small and medium loan programme to help Bangladesh to ensure safer working environment in the RMG manufacturing sector, said Sukamal Sinha Choudhury, general manager of SME and Special Programmes Department, Bangladesh Bank, the state news agency reported.
 
The decision to grant a soft loan to Bangladesh was taken during a recent meeting between the representatives of JICA and Bangladesh Bank held earlier this week.
 
Mr. Choudhury informed that an individual owner of RMG manufacturing unit in Bangladesh will be assigned a maximum of Tk 1 million (US$ 10,000) for support.
 
The monetary fund will be allocated to the Bangladesh RMG manufacturing units based on the reports generated by the JICA representatives after inspecting the units.
 
The Japanese bank plans to support 250 RMG manufacturing units in Bangladesh and has provisioned 10 years time for repayment with an additional grace period of two years.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search