$200m RMG fund left untouched
The EU ambassador said $USD 200 million was available for the RMG manufactures for development of the industry on behalf of the EU, USAID, JICA, IFC and few smaller organizations. Improvements can be significantly made in the areas of fire safety, electricity and overall structure of the factories. The fund created offered interest at minimalistic rates of 1-3% on loans, while commercial banks are charging 15%. However, this opportunity for development of the RMG industry, foremost of which being worker's safety is still not being utilized by the RMG manufactures.
522 RMG units make less than 40% progress on Remediation
The Accord of Fire and Building Safety produced a list of 522 garments factories which are slack to produce increasing efforts to improve workplace safety. They have only updated improvement and remediation efforts only less than 40%. Previously, the Accord listed 36 RMG units who were slow to comply after which some good results were seen.
The EU ambassador said $USD 200 million was available for the RMG manufactures for development of the industry on behalf of the EU, USAID, JICA, IFC and few smaller organizations. Improvements can be significantly made in the areas of fire safety, electricity and overall structure of the factories. The fund created offered interest at minimalistic rates of 1-3% on loans, while commercial banks are charging 15%. However, this opportunity for development of the RMG industry, foremost of which being worker's safety is still not being utilized by the RMG manufactures.
522 RMG units make less than 40% progress on Remediation
The Accord of Fire and Building Safety produced a list of 522 garments factories which are slack to produce increasing efforts to improve workplace safety. They have only updated improvement and remediation efforts only less than 40%. Previously, the Accord listed 36 RMG units who were slow to comply after which some good results were seen.
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