BGMEA President Faruque Hassan and GFF Fund Director Bob Assenberg marked the MoU at a virtual function for their individual associations.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Good Fashion Fund (GFF) have held hands to team up in taking the attire and material industry of Bangladesh a stride ahead in the space of natural supportability by financing economical practices and advances.
BGMEA and GFF signed a Memorandum of Understanding (MoU) on August 25, 2021, to help and reinforce the turn of events and take-up of creative maintainability arrangements and especially to work on natural and social supportability inside production lines in Bangladesh.
BGMEA President Faruque Hassan and GFF Fund Director Bob Assenberg marked the MoU at a virtual service for their individual associations.
BGMEA chiefs Barrister Shehrin Salam Oishee and Md. Mohiuddin Rubel was additionally present at the arrangement marking function.
According to the understanding, Good Fashion Fund will give long-haul credits notwithstanding specialized and natural and social mastery to the makers to embrace feasible creation. Good Fashion Fund dispatched in 2019 is started by Laudes Foundation and Fashion for Good and oversaw by Fund Manager FOUNT.
Through these joint endeavors, GFF intends to contribute a measure of up to $10 million in material assembling organizations in Bangladesh in the following two years and up to $25 million at the objective asset size, normally subject to the accessibility of assets.
The cooperation expects to furnish makers with admittance to fund and help them in building a remedial and regenerative clothing production network. This implies the utilization of recyclable and safe materials, perfect and less energy, shut circle producing and the production of reasonable positions and development.