Bangladesh now has 204 ‘green’ factories in RMG sector
Bangladesh has strengthened its position as the global leader in “green”, that is environment-friendly apparel factories, with 204 factories in the sector now boasting United States Green Building Council’s (USGBC) LEED certification. One more Bangladeshi garment factory attained green building certification from the USGBC in the gold category in December, according to Bangladesh Garment Manufacturers and Exporters Association (BGMEA). The green certified factory is “Integra Dresses Limited” of Gazipur with 99 out of 110 points. Bangladesh achieved 27 green building certifications in 2022, including 13 in platinum category which is the highest in a year. Of the total 204 green certified factories, 74 are platinum-rated, 116 gold-rated and the rest are other-rated. 500 more factories are in the pipeline get the USGBC’s LEED certification. Fifty-four out of globally top 100 highest-rated LEED green factories are in Bangladesh. Not only that, 9 out of globally top 10, and 18 out of globally top 20 LEED certified factories are in Bangladesh. And it’s truly a matter of pride that the highest scoring factory in the world is in Bangladesh with a score of 104.
ADB to give Bangladesh $1 billion loan for five projects
The Asian Development Bank (ADB) today signed multiple agreements with Bangladesh to provide the country with $1.026 billion in loans for five different projects. The projects are taken for energy efficiency, vaccine production, clean water and sanitation in Chattogram Hill Tracts, improving computer and software engineering education in three universities and upgrade Dhaka-Northwest international road corridor. The assistance forms the third tranche of $1.2 billion multitranche ADB loans for the Second South Asia Subregional Economic Cooperation Dhaka-Northwest Corridor Road Project. The Smart Metering Energy Efficiency Improvement Project taken as part of the government’s efforts to reduce losses by installing 650,000 smart prepaid gas meters for residential customers, primarily in South Dhaka and Narayanganj will get $200 million ADB loan.
KPST Shoes makes export as first firm from Bepza Economic Zone
KPST Shoes (BD) Co Ltd, a Chinese-owned shoe accessories manufacturing company, has commenced exporting from the Bangladesh Export Processing Zone Authority (Bepza) Economic Zone, situated in the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram. According to Bepza, in the first shipment, KPST Shoes has exported EVA sheets – a shoe accessory – worth $349,300. The shipment is destined for Blue Ocean Footwear in Gazipur. With an investment target of $2.2 million, Fengqun Composite has focused on producing a range of items, including shoe accessories and packaging materials such as duct tape, cartons, paperboard boxes, inner boxes, corrugated boxes, rigid boxes, foil sealed bags, and chipboard packing. Fengqun began construction work in April 2022.