Home / Knowledge / News / Apparel/Garments / 'Bangladesh govt to support apparel accessories makers'
'Bangladesh govt to support apparel accessories makers'
23
May '14
The Bangladesh Government will provide policy support to garment accessories and packaging manufacturers in the country, in order to help the sub-sector grow parallel to the apparel industry, said Minister of State for Finance MA Mannan, during the launch of the ‘Integrated Support to Poverty and Inequality Reduction through Enterprise Development’ (INSPIRED) project that aims to develop small and medium enterprises (SMEs) in the country.

Mr. Mannan explained that the garment accessories and packaging manufacturing industry is one of the mainstays of the Bangladeshi economy, and the sub-sector would be provided every possible policy support for growth similar to the clothing industry, reports Dhaka Tribune.

During the inaugural ceremony of the project organized by the Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA), the Minister informed that the packaging and accessories makers in the country also make significant contribution to the value chain of various industries, including clothing and textiles, which remain ignored.

The Government would be extending its support to these secondary industries so that they get an opportunity to develop on a pace equal to the apparel and textile industry of the country, he added.

The INSPIRED project, initiated by the European Union (EU) with the support of Government of Bangladesh, aims to reduce poverty by supporting the development of SMEs in the country.

Managed by the SME Cell of the Ministry of Industries, the SME Foundation, Bangladesh Bank, Bangladesh Bank Training Academy (BBTA) and Bangladesh Institute of Bank Management (BIBM), among other organizations, the project would provide a grant of €6.5 million to business intermediary organizations and cluster associations to work with SMEs to improve their competitiveness in various sectors, including textiles and clothing.

The project, which is expected to continue till January 2017, is funded by the EU and the Bangladeshi Government, with the EU providing financial assistance to the tune of €19 million.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Gujarat hopes extended textile policy to attract Rs 5000 cr

The Gujarat government feels that its recent decision to extend its...

Apparel/Garments | On 26th Sep 2017

Cash burn by e-tailers in India may double during festivals

During this year’s festival season, which has already started,...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Sunil Rathore
Lacoste India

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

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

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

Robert Brunner
Devereux

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

Sanjukta Dutta
Sanjukta's Studio

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.0%
No
12.5%
Skip
12.5%

Total Votes: 48

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.5%
No
25.0%
Skip
12.5%

Total Votes: 48

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.5%
No
6.3%
Skip
6.3%

Total Votes: 48

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.8%
No
10.4%
Skip
18.8%

Total Votes: 48


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