SUSTAINABILITY

Bangladesh Textile & RMG Sectors receive US $ 256 mn from global Green Climate Fund

Dr. Rubana Haq – President, BGMEA

Global Green Climate Fund (GCF) has granted aid worth US $ 256 mn to the textile and readymade garment (RMG) sectors in Bangladesh. The aim is to encourage private sector investment in ushering in energy enhancing technologies and equipment in the two segments.

In their 27th board, the GCF has approved over US $ 1 bn in total to release to the developing countries to usher in and encourage low emission, and climate resilient development. The meeting also adopted the Updated Strategic Plan for the GCF 2020-23.

Of the total 16 projects that were awarded the funds to Bangladesh was one of the few countries. Infrastructure Development Company Limited (IDCOL) is the direct access entity (DAE) of the GCF and will receive the funds as concessional loan for a tenure of 20 years.

Fatima Yasmin – Secretary, Economic Relations Division, Ministry of Finance says: “IDCOL can be a national role model for developing climate change responsive commercial projects in the country.”

Dr. Rubana Haq – President, Bangladesh Garment Manufacturers & Exporters Association (BGMEA) congratulates: “Access to such concessional financing, and adoption of energy efficient equipment will make it affordable for the businessmen to do business and will further strengthen the competitive edge of Bangladesh RMG sector.”

Abdullah Al Mamun – VP, Bangladesh Textile Mills Association (BTMA) feels: “The approval of the fund will accelerate industrial growth on the sustainable path.”

Mahmood Malik – Executive Director & CEO, IDCOL Bangladesh states: “This funding allows us to fulfill our SDGs. It is a remarkable success for Idcol.”

The textile and the RMG segments account for roughly 38% of the total energy consumption in the industrial sector of Bangladesh. According to IDCOL, US $ 100 mn out of the total amount will finance energy efficiency projects in the textile sector and US $ 150 mn will get to finance the same kind of projects but in the RMG segment.                  

148 Replies to “Bangladesh Textile & RMG Sectors receive US $ 256 mn from global Green Climate Fund

  1. The integrated analysis of ten placebo-controlled tadalafil studies, including 1846 patients Seftel et al 2005 , showed that laboratory markers of inflammation or muscle damage and renal plasma flow were unchanged with respect to baseline, and no lumbar or gluteal myositis was evidenced by positron emission tomography scan or magnetic resonance imaging buying priligy online

  2. In the mid- 1990s the detection of vancomycin- resistant Enterococcus f aecium as well as quinolone- resistant Salmonella and Campylobacter in food animals and evidence of their spread to humans elevated the scientific and public concerns to new levels. doxycycline ingredients

  3. Authors Peter Chan, Andreas Möller, Mira CP Liu, Jaclyn E Sceneay, Christina SF Wong, Nic Waddell, Katie T Huang, Alexander Dobrovic, Ewan KA Millar, Sandra A O Toole, Catriona M McNeil, Robert L Sutherland, David D Bowtell and Stephen B Fox letrozole vs tamoxifen

  4. viagra benadryl cream vs oral Bernanke s comments, including his statement at a pressconference on June 19 that the Fed could halt its stimulusaltogether by mid 2014 if the economy looked strong enough, fueled the selloff in the bond market and hefty withdrawals frombond funds ivermectin price A high reticulocyte index usually indicates a primary hemolytic anemia process

  5. assurans paracetamol mk It had an installed base of 52 printers worldwide as of June2013 and boasts of some of the biggest names in the automotiveand manufacturing industry as customers, including Daimler AG, Ford Motor Co and 3M Co red viagra 200mg pakistan

  6. The magnitude of the potential benefit depends on the risk of cancer associated with specific mutations, the prognosis of the tumors in carriers of the mutations, and the extent to which relief of anxiety could result from surgical prophylaxis tamoxifen brand name

Leave a Reply

Your email address will not be published.