Enabling a positive mindset shift in the Bangladeshi textile industry over the past decade, the PaCT program launched the Textile Technology Business Centre.
Launched by the International Finance Corporation, the Partnership for Cleaner Textile (PaCT) program has, over the last 10 years, contributed to the sector’s competitiveness and environmental sustainability.
Since its inception in 2013, of the PaCT program has enabled IFC to enable over 450 textile factories in Bangladesh embrace climate-smart practices. In its next phase, the program aims to advance circular practices and decarbonisation initiatives to address the industry’s carbon footprint.
Committed to foster sustainable growth within Bangladesh’s textile industry, IFC will continue to help the country’s readymade garment sector ascend the global supply chain and meet the demands of a more modern and greener market, says Martin Holtmann, Country Manager for Bangladesh, Nepal, and Bhutan, IFC.
The industry's global ties and diverse operations underscore the program’s importance in driving innovation and job creation, powering the country's economy, adds Henri Rachid Sfeir, Manager, MAS Asia Upstream & Advisory, IFC.
An IFC advisory program — supported by the governments of Denmark and the Kingdom of Netherlands — PaCT is spearheaded by IFC and implemented in collaboration with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
Over the years, PaCT has been working with leading partners, including VF Corp, Puma, Levi Strauss & Co, and Tesco.
