Tuesday, 27 September, 2022

IFC’s support to help RMG sector meet challenges

Say BGMEA leaders

  • Special Correspondent
  • 12 September, 2022 12:00 AM
  • Print news

Leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) expressed high optimism about IFC's continued collaboration in supporting readymade industry of Bangladesh in the areas of sustainability and capacity enhancement.

They came up with the view as Nishat Chowdhury, Programme Manager of Partnership for Cleaner Textile (PaCT), paid a visit to Faruque Hassan, President of BGMEA, at the latter’s office in Dhaka on Sunday.

The BGMEA officials said the collaboration is necessary to enable the sector to meet future challenges and realise its untapped opportunities. 

BGMEA Vice President Shahidullah Azim, Directors Asif Ashraf, Barrister Vidiya Amrit Khan and Nishat Nahrin Hamid, Consultant – Resource Efficiency, Bangladesh PaCT were also present at the meeting.

They had discussions about the activities and progress of the ongoing projects which are being implemented by BGMEA with the financial support of IFC for the development of the RMG industry.

They also talked about how IFC could support the Centre of Innovation, Efficiency and OSH, established by BGMEA, to develop the capacity of the industry and enhance its competitiveness in the global market.

BGMEA President Faruque Hassan thanked IFC for its continued support to the RMG industry in the past few decades, particularly the “Partnership for Cleaner Textile: PaCT” programme which has supported participating factories in reducing the carbon footprint and water footprint.

International Finance Corporation (IFC), a member of the World Bank Group, has already funded several studies for the RMG sector to explore its opportunities and ways to realise them.

One of the studies aims to identify potential scope of non-cotton textile and apparel for Bangladesh in the global apparel market and formulate a strategy to develop the country’s overall competitiveness and strength in the area. 

Another study is being conducted on the RMG sector’s recovery roadmap.