To support sustainable textile manufacturing and improve the sectors resource efficiency in Bangladesh and India, International Finance Corporation (IFC) has on Monday announced a partnership with EPIC Group, a leading player in the global apparel industry, to help finance its green capital expenditure program and create higher-skilled jobs.
IFC said in a statement that the firm is providing EPIC Group with a $100 million debt financing package in the form of a $70 million sustainability-linked loan and a $30 million green loan.
This funding will support EPIC Groups expansion in Bangladesh and the construction of a new manufacturing facility in India.
Additionally, EPIC Group will use the proceeds to upgrade its washing and wastewater tr…
Read the full article at: https://technode.global/2024/06/18/ifc-offers-100m-debt-financing-package-to-epic-to-support-sustainable-textile-manufacturing-in-bangladesh-and-india/