The Infrastructure Development Company Limited (IDCOL)-organised CEO Roundtable in progress at its head office in the capital recently FE Desk
The participants at a roundtable have urged to invest in smart energy efficient technologies with the view to sustaining growth in textile and readymade garment (RMG) industry in the wake of rising global energy costs and depleting natural resources.
They made the call at the CEO Roundtable, organised by Infrastructure Devel-opment Company Limited (IDCOL) at its head office in the capital recently. Top executives of major textile and RMG companies were present at the roundtable held to promote energy efficient technologies in the country's textile and RMG sectors, says a statement.
They opined that the growth of Bangladesh's economy relies heavily on the RMG and textile industry, which employs around four million people. To outplay other major players in the stiff global competition, firms must control their costs while meeting strict requirements for working conditions in factories and environment friendly practices defined by the international buyers, they said.
"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," they viewed.
Adopting energy efficient technologies will also create quality jobs, attract important new investments, create new business opportunities and improve the quality of life, they added.
The roundtable also provided the participants with greater insights on emerging energy efficient measures implemented in Bangladesh as well as those considered as best global practices.
IDCOL, a development finance institution, is promoting energy efficiency initiatives in Bangladesh by offering low-cost long-term financing to eligible entrepreneurs providing them up to 100 per cent of the equipment value.
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