IDCOL roundtable to promote energy-efficient technology

FT ONLINE

Infrastructure Development Company Limited (IDCOL) has organised the 2nd CEO Roundtable to promote Energy Efficient Technologies (EET) in the textile and RMG sectors across Bangladesh.

The 2nd CEO roundtable showcased the technology interventions related to energy efficiency measures in the RMG and textile sector of the country, said a statement.

Top executives of the major textile and RMG companies were present in the roundtable.

The roundtable has provided the participants with greater insights on emerging energy efficient measures implemented in Bangladesh as well as those considered as global best practices.

The participants of the roundtable have opined that the growth of Bangladesh's economy relies heavily on the RMG and textile industry, which employs around 4.0 million people.

To compete successfully, firms must control their costs- while meeting ever stricter requirements for working conditions and environment friendly practices defined by international buyers.

With rising cost of energy and depleting natural resources, the growth trajectory of Bangladesh textile and RMG industry can only be sustained by investing in smart energy efficient technologies.

Adopting energy efficient technologies will also create quality jobs, attract important new investments, create new business opportunities and improve the quality of life.

IDCOL, a development finance institution, is promoting energy efficiency initiatives in Bangladesh by offering low-cost long-term financing to eligible entrepreneurs up to 100 per cent of the equipment value.