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

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search