BKMEA’s association with ADB
Economic growth in Bangladesh has been largely inclusive and broad-based. The country has halved the national poverty rate to 31.5% in 2010 from 59% in 1991, and the urban poverty rate to 22% from 45% in the same period. Bangladesh is on track to achieve most of the Millennium Development Goals, including improved child health, gender equality in primary and secondary education, and wider access to finance.The overarching objective of ADB support is to provide assistance within its Strategy 2020’s development agenda of inclusive economic growth, environmentally sustainable growth, and regional integration.
BKMEA is at the fag end of the negotiation process with ADB, Bangladesh to initiate Skills forEmploymentInvestment program(SEIP) with supervisory and monitoring role being at the helm of the Ministry of Finance, Bangladesh. The project proposal is already at the Ministry of Finance and we are anticipating to kick off the program from February, 2015. Under the program, BKMEA will play role in the following areas.
1) Bringing out 41,000 skilled workers for the Knitwear industry
2) Making management professionals for the Knitwear Industry
3) Enhancing the capacity of the factories
4) Productivity improvement
5) Employment generation
6) Ensuring sustainable growth of the factories