• Linkdin

Bangla garment units to get soft loans to improve safety

21 Aug '14
1 min read

The apex bank of Bangladesh has extended its refinancing scheme of easy loans to the garment sector for improving safety standards in garment production units.

This loan upto Taka 10 million, which can be borrowed from commercial banks or non-financial institutions, would be extended to garment factories that need finance to improve safety standards.

However the soft loan comes with a rider that the loan seeking factory has to be a member of the Bangladesh Garment Manufacturers & Exporters Association (BGMEA), Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) or Bangladesh Textile Mills Association (BTMA).

The credit facility would be extended to only import and install safety related machinery and equipment, the apex bank said.

Following the two garment unit tragedies in Bangladesh and the resultant deaths of workers, there is pressure on garment factories to improve worker safety standards in factories.

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search