Business Desk :
The central bank is set to provide loan to Ready Made Garment (RMG) sector under its “Urban Building Safety Project” for ensuring structural, fire and electrical safety in RMG factories, sources said.
To this effect, the Bangladesh Bank (BB) has recently signed separate deals with 25 banks and 10 financial institutions to facilitate long-term financing for renovation works, re-construction, re-placement and fire safety in the RMG factories.
The central bank has taken up a Tk 268 crore (4240 million Japanese Yen) project with financial support of Japan International Cooperation Agency (JICA). “Work place safety is not only a basic criteria, I should say it is free basic criteria of improving the RMG sector in the country,” Bangladesh Bank Governor Fazle Kabir said during the agreement signing ceremony at BB’s headquarter.
The central bank is set to provide loan to Ready Made Garment (RMG) sector under its “Urban Building Safety Project” for ensuring structural, fire and electrical safety in RMG factories, sources said.
To this effect, the Bangladesh Bank (BB) has recently signed separate deals with 25 banks and 10 financial institutions to facilitate long-term financing for renovation works, re-construction, re-placement and fire safety in the RMG factories.
The central bank has taken up a Tk 268 crore (4240 million Japanese Yen) project with financial support of Japan International Cooperation Agency (JICA). “Work place safety is not only a basic criteria, I should say it is free basic criteria of improving the RMG sector in the country,” Bangladesh Bank Governor Fazle Kabir said during the agreement signing ceremony at BB’s headquarter.
