Home / Knowledge / News / Textiles / Germany to provide €7m for RMG remediation in Bangladesh
Germany to provide €7m for RMG remediation in Bangladesh
May '17
The government of Germany will provide €7 million to Bangladesh to help with the remediation work of the country's readymade garment sector. As per an agreement signed between German Embassy in Bangladesh and the Economic Relations Division, the grants will help enhance the capacity of some of the commercial banks to address the funding needs of the sector.

The agreement was signed by additional secretary of the Economic Relations Division, Muhammad Alkama Siddiqui, and German ambassador Thomas Prinz under the project 'Financing of Environment and Safety Retrofits in the Bangladesh Ready Made Garments (RMG) sector'.

The funding is expected to ensure effective usage of credit, improve environment standards and promote safety of workers in the RMG sector, the German embassy said in a statement.

The project will help in bridging the knowledge gap in investments and remediation upgrades as well as in the implementation of the investments, added the embassy.

Germany is expected to provide €4 million through KfW and €3 million through GIZ. (KD)

Fibre2Fashion News Desk – India

Interviews View All

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Laksheeta Govil,

Laksheeta Govil

Founded in 2014, Fizzy Goblet is a Delhi / NCR based handcrafted leather...

Suresh P Bagrecha,

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Aneeth Arora, Péro

Aneeth Arora

The Woolmark Company has partnered with handmade fashion label Péro and...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search