Home / Knowledge / News / Apparel/Garments / JICA to work for safety in Bangladesh garment factories
JICA to work for safety in Bangladesh garment factories
12
Jul '13
The Japan International Cooperation Agency (JICA) would work for occupational safety in Bangladesh readymade garment factories, and formulate a special programme for addressing the issues related to safe working environment.
 
The new program would be an integrated scheme of two of the ongoing JICA’s projects—the Financial Sector Project for the Development of Small and Medium-sized Enterprises (FSPDSME), an ODA loan project implemented by the Bangladesh Bank, and Capacity Development on Natural Disaster-Resistant Techniques of Construction and Retrofitting for Public Buildings in the People's Republic of Bangladesh (CNCRP), a Technical Cooperation Project implemented by the Public Works Department (PWD).
 
Several Bangladesh-based organizations, including the Bangladesh Bank, the PWD, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufactures and Exporters Association (BKMEA), expressed their interest to work with JICA, at a meeting held to announce an ‘Expression of Intention’ at the Bangladesh Bank.
 
The overall objective of the new program is to provide financial support for garment manufacturing units, which will undertake the safety assessment of the factory premises conducted by JICA experts and PWD engineers, working in the CNCRP, Bangladesh news agency BSS reported.
 
The team of experts and PWD engineers to carry out the safety assessment at clothing units would be lead by JICA. The team would be assisted by BGMEA and BKMEA engineers. JICA experts would also train PWD engineers on conducting safety assessments that comply with international standards.
 
Post-assessment, loans would be extended to the garment factories through the existing Two-Step Loan (TSL) scheme under FSPDSME for carrying out rebuilding work and installation of safety equipment in the buildings.
 
Addressing a press conference, Bangladesh Bank Governor Atiur Rahman said the new initiative is likely to soon begin on a pilot scale, with JICA’s fund contribution of Tk 1 billion.
 
The finance extended under the program would be a long-term loan for a period up to 15 years, including two-year grace period. However, the upper limit of loan for individual factories would be Tk 100 million.
 
JICA funds for retrofitting are expected to be disbursed by participating banks over a five-year period.
 

Fibre2fashion News Desk - India


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

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...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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


May 2018

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

news category


Related Categories:

Advanced Search