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Bangladesh aims $10bn annual export revenue from leather items by 2030

10 Dec '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

The Bangladesh government is trying to raise annual export earnings from leather and leather products to $10 billion by 2030, commerce minister Tipu Munshi recently told an international trade show on leather in Dhaka. The figure is around $1 billion now. Product diversification and maintaining high quality has become essential now, the minister said.

"In the ongoing global situation, the leather industry is being shifted from countries such as Vietnam and China. It is an opportunity for Bangladesh, which should be grabbed. The leather industry should be taken forward through the production of quality goods. The financial institutions of the country are supporting the development of such industries. The government also is providing necessary support," he said. 

He was addressing the opening ceremony of the eighth edition of LeatherTech Bangladesh. 

Syed Nasim Manzur, president of the Leather-goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB), said the industry is facing several issues in the post-COVID era, and therefore, expects policy support from the government, Bangladeshi media outlets reported. 

ALCHEMPro News Desk (DS)

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