High St Fashion - Weaving New Threads
|20140909||20140914||Sarah Butler asks, can the Bangladesh garment industry become ethical and profitable?|
The collapse of the Rana Plaza clothing factory in Bangladesh was the deadliest disaster in the history of the garment industry. It brought about a series of recriminations, alliances, promises and calls for change.
With Bangladesh's clothing industry, predicted to quadruple in size over the next twenty years, a New York based private equity firm has come up with an idea to make Bangladesh's factories sustainable and efficient - as well as profitable. With backing from the Soros family, Tau Investment Management's plan is a bold one. They aim to provide a capitalist solutions to capitalism's failures.
The Guardian's Sarah Butler travels to Dhaka to meet Tau's owners and asks whether the Bangladesh factory owners need their help.
Producer: Barney Rowntree
A Tonic production for BBC Radio 4.