Industry Desk: Germany will provide 20 crore euro (Tk1800cr) to Bangladesh for implementing projects in six different sectors, including water and fuel.
Of those, an amount of 17.2 crore Euro will be provided as loan for implementing projects for renewable energy, climate change, textile and education-research while 2.8 crore Euro as grants.
In this regard, the two countries signed an agreement at the Economic Relations Division (ERD) in the capital’s Sher-e-Bangla Nagar yesterday.
ERD Secretary Monowar Ahmed and German Ambassador to Bangladesh Peter Fahrenholtz signed the agreements on behalf of the two governments.
Tk 15.6 crore fund will be spent on renewable energy and energy sector while Tk 2.6 crore to be provided to Climate change-adapted development programme, Tk 75 lakh in textile sector, 45 lakh in water resources management Dhaka, 4 lakh for Sundarbans management planning and 2 lakh in study and research .
After signing of the agreement, ERD Secretary Monowar Ahmed said the German government has provided loan and grant assistance in six important sectors. These should be implemented with utmost importance. However, we should pay attention to implement those transparently.
Peter Fahrenholtz said the six sectors are most important. We have a lot of investment in the garment sector of Bangladesh. This sector needs to be taken forward. Sundarbans, one of the world’s mangrove forests, must also be protected. There is no alternative to renewable energy to protect the environment and nature of Bangladesh.
Apart from this, the German government has always been providing assistance Bangladesh to boost knowledge and skills, he added.