The BGMEA and the IVY Decarb Marketplace SL signed a MoU on 6 May 2026 to strengthen collaboration on industrial decarbonization, productivity improvement, and sustainable machinery transition in Bangladesh’s garment and textile sector.

The MoU was signed by Ms. Vidiya Amrit Khan, Vice President, BGMEA, and José Manuel Caballero, Managing Director, IVY Decarb Marketplace SL. The signing was witnessed by Shah Rayeed Chowdhury, Director, BGMEA, and Md. Masud Rana, Business Development Director, IVY Decarb. BGMEA Director Sheikh Hossain Muhammad Mustafiz and Wasim Zakariah, Chairman, Standing Committee on Responsible Business Hub and Sustainability Reporting were also present on the occasion. 

Under this collaboration, BGMEA and IVY Decarb will work together to introduce the decarbonization methodologies to BGMEA member factories, and support the sector in exploring advanced, energy-efficient industrial machinery. 

The partnership will also focus on validating and strengthening IVY Decarb’s methodology for measuring productivity and sustainability impacts from textile machinery replacement.