The foreign buyers are too much happy with price and qualified Bangladeshi RMG product. They are now very very concerned about effluent treatment of dyes and chemicals in Bangladesh. At current situation it’s a burning criteria from all the buyers. They are strictly followed it. To fulfill the buyers demand Bangladeshi government has taken a great decision about it. As a result, last week central bank of Bangladesh announced a huge amount counted $500 million of low cost financing to contribute improving the country’s ready-made garment sector’s sustainable technologies and practices. One of the reputated news portal ‘The Daily Star’ reported that the funds are in addition to existing export development fund (EDF) which is comprised of $1.5 billion.
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| Workers in RMG sector |
The export development fund (EDF)’s main aim is to solve the environmental challenges which is faced by Bangladesh’s Apparel industry, including wasteful water usage in its textile dyeing and finishing processes as well as toxic discharges into surface and ground water.
If it is done appropriately, it will be very effective for the Bangladeshi environment specially for Dhaka and Chittagong.
Mentioning it’s importance the Central Bank of Bangladesh Governor Atiur Rahman suggested during a discussion at the office of Policy Research Institute of Bangladesh in Dhaka that the development fund be incorporated into the country’s five-years plan and the eco-friendly investments are very much necessary for Bangladesh to reach its $50 billion export targeted by 2021’.
The market experts said that producing green textile products is very much important for long-term sustainability of the Bangladeshi RMG business in the foreign markets.
Reported by-
Mayedul Islam
Senior Reporter of Textile Tribune
Assistant Chemist
Ha-Meem Group, Tongi, Gazipur, Bangladesh
Email: mayedul.islam66@gmail.com
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