Home / Knowledge / News / Apparel/Garments / USAID inks $22mn deal for safety upgrade in RMG factories
USAID inks $22mn deal for safety upgrade in RMG factories
Oct '15
Courtesy: Troy Beckman/USAID
Courtesy: Troy Beckman/USAID
The United States Agency for International Development (USAID) has inked an agreement to provide $22 million for safety upgrades in the apparel factories of Bangladesh, said USAID in a press release.

The much anticipated partnership is signed for two new credit facilities between USAID and the Prime Bank Limited and United Commercial Bank for providing long-term loans specifically to small and medium sized garment suppliers in Bangladesh.

Last month, USAID signed the first agreement of providing funds worth $18 million to readymade garment manufacturers who are members of Alliance for Bangladesh Worker Safety.

The new agreement will provide additional $4 million in the form of bank loans for garment factories which are part of the Bangladesh Accord on Fire and Building Safety and the National Tripartite Plan of Action (NTPA) on Fire Safety and Structural Integrity supported by International Labour Organization (ILO).

The new agreement will also provide eligible readymade garment manufacturers the access to long-term taka and US dollar-denominated loans. These agreements are expected to provide garment manufacturers of Bangladesh adequate finance to improve fire and safety conditions of garment workers.

Alliance for Bangladesh Worker Safety was formed after the factory building at Rana Plaza collapsed in April 2013. There are more than 700 factories under the scrutiny of Alliance. (HO)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Evelyne Cholet

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

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

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....

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search