Germany to offer €22.17 mn to Bangladesh for 5 projects
16 Feb 24 1 min read
Insights
- Germany has agreed to offer Bangladesh €22.17 million for five projects, including two in textiles.
- The 'Higher Education and Leadership Development for Sustainable Textiles' and the 'Skills for Self-monitoring and Compliance with Clean and Fair Production in the Textile Industry in Bangladesh' projects will receive €7 million each as funding.
Mohammad Shahriar Kader Siddiky, secretary in Bangladesh’s economic relations division, and Andreas Kuck, country director of GIZ Bangladesh, signed the memoranda of understanding.
The available fund for the ‘Higher Education and Leadership Development for Sustainable Textiles’ project is €7 million. The University Grants Commission (UGC) under the ministry of education will implement the projects.
With funding worth €5 million, the ‘Skills Development for Sustainable Energy Solutions’ project aims at enhancing the technical and vocational education opportunities for the sustainable energy sector, media outlets in Bangladesh reported.
- BII commits $50 mn to BRAC Bank to support MSMEs in Bangladesh
- Bangladesh textiles minister urges India to lift ADD on jute products
- Germany's inflation rate steady at 2.2% in April 2024
- Australia’s baby wear imports drop significantly in Jan-Feb 2024
- Decarbonisation, impact of automation on 4IR challenges for Bangladesh
- Inflation in Bangladesh drops slightly to 9.74% in Apr; non-food 9.34%
The funds allocated for the ‘Skills for Self-monitoring and Compliance with Clean and Fair Production in the Textile Industry in Bangladesh’ project are worth €7 million. It seeks to improve the monitoring of safety, labour and environmental standards in the textile and garment industry by the Readymade Garment Sustainability Council (RSC).
GIZ will provide €382,526 for ‘The Digital Skills to Succeed in Asia’ project to enhance the capacities of higher education institutions, fostering the sustainable implementation of improved study programmes.
Fibre2Fashion News Desk (DS)
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