IFC and BGMEA collaboration continues for RMG sector development

Desk Report: Ms. Nishat Chowdhury, Program Manager, Partnership for Cleaner Textile (PaCT) Program paid a visit to Faruque Hassan, President of BGMEA at the latter’s office in Dhaka on September 11. 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 expressed high optimism about continued collaboration in supporting the RMG industry of Bangladesh in the areas of sustainability and capacity enhancement to enable the sector to meet future challenges and realize untapped opportunities.

They also talked about how IFC could support the Center of Innovation, Efficiency and OSH established by BGMEA to develop 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” program which has supported participating factories in reducing the carbon footprint and water footprint. IFC, a member of the World Bank Group, has already funded several studies for the RMG sector to explore its opportunities and ways to realize 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.