German fund for sustainable textiles in Bangladesh
German Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development Hans-Joachim Fuchtel said they have already invested 10 million euro in the partnership for sustainable textiles, which is aimed at improving social, environmental and economic conditions of Bangladesh's garment sector.
He said they have also promised an additional fund of 6 million euro for the partnership, which Fuchtel will promote during his ongoing three-day visit to Bangladesh.
The partnership was initiated by German Minister for Economic Cooperation and Development Gerd Müller.
The declaration of accession on the partnership was signed by four Bangladeshi garment companies: DBL Group, Niagara Textiles Ltd, Saiham Knit Composite Ltd and JMS Holdings.
“We strongly believe that these good examples will be followed by many more soon,” he said at the deal signing ceremony in the city, the news agency quoted the German embassy as saying in a statement yesterday.
The companies, which have a combined annual turnover of 580 million euro and employ 35,000 workers, have been collaborating with GIZ, the German development agency, and KfW, the German development bank, for many years to improve their social and environmental standards.
During the time of cooperation with Bangladeshi garment factories, about 100,000 workers, factory managers, owners and labour inspectors have been trained on safety standards.
Fuchtel also introduced Labourline, a labour dispute settlement helpline, which will provide information on labour-related issues and address shortcomings in resolving labour disputes.
The helpline will support factory workers by settling disputes with owners and managers to ensure their rights.