The Executive Committee of the National Economic Council (ECNEC) which met on October 19, has sanctioned two proposals for setting up eight textile and fashion designing institutes and training centres, and has also sanctioned a fund of Tk 1.63 billion for the purpose.
Planning minister AK Khandker divulged that, as Bangladesh's readymade garments are shipped across the globe, and thus the government means to promote country's apparel industry. He divulged that, four fashion designing and training institutes and four textile institutes would be set up in various parts of the country.
Funding for this Tk 360 million project will come from the Japan Debt Cancellation Centre and the government, with each contributing Tk 350 million and Tk 10 million respectively.
Also four textile institutes are to be set up at Chittagong's Rangunia, Khulna's Khalishpur and at Natore, under the Apparel and Jute Ministry, with total funding amounting to Tk 1.27 billion flowing from the Government.
The government proposes to execute both the proposals only by 2013, Khandker said.
Fibre2fashion News Desk - India
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