BGMEA, DES sign MoU to help green RMG firms enlist in capital market

DSE will assist BGMEA member companies to raise funds through initial public offerings or issuing bonds.

BGMEA president Faruque Hassan and DSE acting managing director M Saifur Rahman Majumdar signed the agreement in Dhaka.

DSE will assess the capacity and demand for funds through equity financing or green bonds of 202 garment factories and 50 top exporters of RMG products.

Fifty eight textile firms are listed on the stock market now.

Both sides will share knowledge and experience and jointly organise training, seminars, workshops, conferences and awareness programmes for corporate governance, capital restructuring, and fundraising.

They will also work together with RMG companies to attain environmental, social and corporate governance (ESG), and sustainable financing in collaboration with various ESG support organisations, Bangladesh media outlets reported.

ALCHEMPro News Desk (DS)