Home / Knowledge / News / Apparel/Garments / We are well funded to meet objectives – Bangladesh Accord
We are well funded to meet objectives – Bangladesh Accord
29
Jul '14
The Accord on Fire and Building Safety in Bangladesh has in a statement clarified that it is well funded and capable of meeting its full five-year programme effectively.  

The statement says, “The entire inspection programme encompassing around 1500 factories will all be completed between February and September 2014. The costs of these inspections are fully accounted for and will represent 83.4% of the total income of the Accord in 2014.”

It further mentions, “The operational costs on the ground in Bangladesh will account for a further 6.8% of the total income. Therefore over 90% of the total income of the Accord will be used in financing the inspection and operational costs on the ground in Bangladesh. Agreement has been reached with all Signatories to fund these activities and there is no funding shortfall.”

In concluding, The Accord declares that it is well funded and capable of meeting its full 5 year programme effectively.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

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

Sanjukta Dutta
Sanjukta's Studio

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

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:
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



X