The report titled 'Remediation Financing in Bangladesh's Ready Made Garment Sector: An Overview' was formulated to analyse the cost of safety remediation for structural, electrical and fire safety work in RMG factories, as well as the ability of factories to finance this work.
The total remediation cost for most of the RMG factories in Bangladesh range from $1,00,000 to $2,50,000. Interest rates for the same can range from 9-18 per cent. Also, the factory owners cannot independently tackle audited balance sheets, cash flow projections and profit and loss statements, and need guidance in these matters.
According to the report, remediation activities worth $294 million have been already carried out in the Bangladesh RMG sector.
Approximately $197 million has been allocated for RMG remediation specifically by the country's banking sector and credit facilities. (MCJ)
Fibre2Fashion News Desk - India
| On 17th Apr 2021
Fibre2Fashion, the online platform for the global...
Powered by a strong domestic and foreign demand, China's economy grew ...
| On 17th Apr 2021
As government cheques fattened consumers’ bank accounts and more...
Fashion tech has to be lean and very productive
We are staring at livelihood crisis for weavers
Blockchains will be in heavy use by early adopters by 2025
With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...
Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...
Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...
Headquartered in Belgium and with offices in the United Kingdom, Portugal...
UK-based Directa Plus is one of the largest producers and suppliers...
INDA, a global association of the nonwoven fabrics industry, has been...
Anjali Bhaskar has an experience of 12 years in the fashion industry. She...
Sarah Denise Cordery
Sarah Denise Studio
Manchester, England-based Sarah Denise Studio provides relevant fashion...
A Humming Way
A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to email@example.com.