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Central Bank of Bangladesh to set up US$500 mn textile green fund

Related Keywords: Atiur Rahman, Central Bank of Bangladesh, dyeing and finishing, Governor of Bangladesh Bank, integrated knitting mills in Bangladesh, textile industry in Bangladesh, textile processing

With an aim to bring benefit to the country's vertically integrated knitting mills that operate their own dyeing and finishing facilities, the Central Bank of Bangladesh will create a US$500 million Green Fund for the textile sector. Textile processing like washing, dyeing, and finishing (WDF) are the key pillar of the country’s economy. The country has 1,700 WDF units and 200,000 workers contribute a net value added of up to 20 per cent to the textile value chain.

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