Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 160 Mon. November 01, 2004  
   
Business


Tk 4.2cr Danish grant to set up e-marketplace
Denmark has approved Tk 4.2cr grant for training and loan for equipment to establish an e-marketplace in Bangladesh to assist readymade garments and textile products.

Danish Ambassador in Dhaka Niels Severin Munk formally approved the grant.

The first ever e-marketplace, as a part of the Danida Private Sector Development (PSD) Programme, will support the strategic purchase decisions in the RMG and textile industry, says a press release.

The e-marketplace will also help local RMG industry in its preparation to handle the post-MFA situation.

It will reduce the cost of using the traditional intermediaries and facilitate a better flow of information between buyers in Europe, North America and the local RMG producers, the release added.