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Japan's JICA promoting energy-saving devices in Bangladesh
21
Feb '18
The Japan International Cooperation Agency (JICA) is promoting use of energy-saving equipment in Bangladesh through a programme, which allows companies that buy specified equipment to get low-interest loans at around 4 per cent compared to market rates of 9-15 per cent. Three such deals were signed in February and about ten such deals are being discussed.

Orders worth over $47.1 million are likely, media reports said citing JICA.

Bangladeshi companies have recently decided to buy spinning machines from Toyota Industries, similar devices from Murata Machinery and some 3,000 sewing machines from Juki, according to JICA. The country is shifting to energy-saving devices to save rising cost of fossil fuel imports and to compete with rivals Vietnam and India. (DS)

Fibre2Fashion News Desk – India


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