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Bangladesh invests $ 4 billion for workplace safety

BGMEA has invested around $ 4 billion to ensure workplace safety and occupational health. Around 80 green garment factories currently in operation in the country are completely LEED-certified, and additional 300 are in the process of getting the certification. The inspection of Accord and Alliance has helped remediate garments factories and prompted factory owners to emphasise on workplace safety.

As per provisional data by Export Promotion Bureau (EPB), Bangladesh exported RMG worth $ 28.49 billion during the July-April period of the current financial year. This was 12.59 per cent increase from $ 25.30 billion worth of RMG exported during the same period of the previous fiscal year. Growth was mainly attributed to its value added products, government policy support, capacity enhancement and completion of 90 per cent of the factory remediation work set by Accord and Alliance.

Of the total export earnings by the apparel sector, knitwear products earned $14.08 billion, which is 12.32 per cent higher than the $12.54 billion earned during the same period of FY2017-18. Woven products earned $ 14.40 billion, up by 12.85 per cent from the earning of $12.76 billion during the same period of the previous fiscal year. Specialised textile sector grew by 36 per cent to $125 million from $ 92 million, while the home textile products declined by 3.74 per cent to $723.60 million.

 
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