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

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mohammad Hassan
Biax Fiberfilm

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

Suresh Patel
Sidwin Fabric

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

Robert Brunner
Devereux

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

news category


Related Categories:
May 2017

May 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