The deals, valued at 14.45 million Euros, focus on transforming the textile sector, enhancing climate adaptation efforts, and advancing sustainable electric mobility, according to a press release. Md Shahriar Kader Siddiky, secretary of the Economic Relations Division (ERD), and Andreas Kuck, country director of GiZ Bangladesh, signed the agreements, highlighting the shared commitment of both nations to sustainable growth.
The deal on the ‘Program for Sustainability in the Textile Sector II (STILE-II)’ with a fund of 7.3 million Euros under the Ministry of Commerce aims to modernize Bangladesh’s textile and RMG industries, aligning them with EU sustainability standards.
Key outcomes include policy alignment, strengthened sectoral instruments, and gender equality promotion. With the Localization of National Climate Adaptation Targets (LOCAT) deal, backed by 3 million Euros, the local government division will enhance institutional capacities for urban climate action plans aligned with the National Adaptation Plan. Outputs include gender-responsive tools and a learning framework for city-level climate strategies.
The Transition to Sustainable E-Mobility (Trans2SMo) deal will enable the power division to utilize 4.15 million euros to promote electric mobility. This includes refining legal frameworks, capacity-building initiatives, and pilot projects showcasing electric vehicle viability.
Photo Courtesy by : Dhaka Tribune
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