Thursday | 16 January 2025 | Reg No- 06
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Thursday | 16 January 2025 | Epaper
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BD-Germany sign three 14.45m euro deals to bolster sustainability

Published : Thursday, 16 January, 2025 at 12:00 AM  Count : 122
Business Correspondent
Bangladesh and Germany have signed three new technical cooperation agreements, valued at 14.45 million euro on Wednesday aimed at 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 'Programme for Sustainability in the Textile Sector II (STILE-II)' with a fund of 7.3 million Euros under the Ministry of Commerce aims to modernise 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 Localisation 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 utilise 4.15 million euros to promote electric mobility. 

This includes refining legal frameworks, capacity-building initiatives, and pilot projects showcasing electric vehicle viability.



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