Overview of Bangladesh Leather Goods Exporter:
Bangladesh Leather Goods Exporter achieves the good fortune for the leather industry. Cause fares of calfskin and cowhide merchandise crossed USD1 billion for the second year in monetary 2014-15. According to the information from the Export Promotion Bureau (EPB). By the time 2014-15, Bangladesh already sends out calfskin and cowhide merchandise worth USD1.13 billion. And it earns USD1.12 billion in the past monetary year. As a result, this progress making it the second most astounding supporter of national fares after pieces of clothing. Usually, Bangladesh sends out cowhide shoes, travel packs, wallets, belts and completed calfskin.
Regardless of profit development, the nation missed the fare focus of USD1.4 billion by 19.09 percent in 2014-15. Bangladesh expects to send out USD1.21 billion of cowhide and calfskin products in 2015-16. And this is 7.28 percent higher from last monetary year. As we know that Italy, the UK, Belgium, Spain, France, Germany, Poland, the US, and Canada are the enormous markets for the division. As of late, the exporters have been doing great in Japan, India, Nepal and Australian markets.
Japan is exceptionally encouraging for us, as our fare is expanding fundamentally in the market in light of obligation-free points of interest. The legislature ought to consult with Japan as the likelihood of an organized commerce arrangement to be marked by various nations with the Asian financial mammoth may urge it to drop the obligation advantage. Bangladesh now sends out just 0.5 percent of the worldwide calfskin and cowhide products showcase worth USD215 billion, as per industry insiders. And this offers Bangladesh a huge opportunity to enroll in the world market. As our leather grain and texture is naturally rank higher in quality of world market. Without any argument, we achieve the second position after French. Let’s find out more below.
Behind The Scene of Bangladesh Leather Goods Exporter:
First of all, We all know about the success of Bangladesh Leather Goods Exporter. But it was not easy for them to achieve this golden opportunity. Cause leather industry has been running more than 5 decades from now. And according to Wikipedia The first tannery in what is now Bangladesh was set up at Narayanganj sometime in the 1940s by a businessman R.P. Saha. The tannery was later shifted to Hazaribagh area in Dhaka in 1965. At that time, there were 30 tanneries in Dhaka. After the independence of Bangladesh, Bangladesh Government acquired the 30 tanneries. The industry had the significant development in the 1970s.
More than 1 million people are working directly or indirectly in the leather industry. Since the revolution in 1970, Bangladesh prospects every year. And by the time 2014-2015, it contributes to the second position in national exports after garments. For Bangladesh, leather is a high priority industrial sector. As a result, footwear exports is an extreme focus area.
In the meantime, our Honorable Prime Minister Sheikh Hasina inaugurates the 22nd Dhaka International Trade Fair (DITF) on 1st January 2017. On the inauguration of Prime Minister Announces the ‘Leather‘ as “Product of the Year’ of 2017. The Fair organizes jointly by The Ministry of Commerce and Bangladesh Export Promotion Bureau, (BEPB). First of all, The Prime Minister said, Leather export has been increased by about 71 times over the last four decades. And Bangladesh produces leather goods for top global brands. So, “The government wants to boost up the rising leather sector to explore it’s all potentials.Furthermore, she advises to Exporters that “Exporters should not run after few countries for GSP facilities. Better you should find markets in another place.”
Sheikh Hasina (PM) distributes 28 gold, 22 silver and 15 bronze medals among the exporters for their success in export during the year 2013-2014. as the National Export Trophy-2013-2014 on the inaugural function of DITF-2017.
Golden Names of Bangladesh Leather Goods Exporter:
In this section, we will see some Golden Names of Bangladesh Leather Goods Exporter who contributes to make the bright future for us. Here are the mentions below:
M/s. Albarosa Ltd.
M/s. Ananta Leather Collections Ltd.
M/s. Apex Leathercraft Fashion and Accessories Ltd
M/s. B & B Leather
M/s. B.M. Kings Ltd.
M/s. BBJ Leather Goods Ltd
M/s. BLJ Bangladesh Corporation Ltd.
M/s. Crescent Leather Products Ltd.
M/s. Divine Craft & Fashion Pvt. Ltd.
M/s. DLF Korbang Ltd.
M/s. FM Leather Limited
M/s. Golden Frog
M/s. H.S. Leather Products
M/s. Innove Leather Products Ltd.
M/s. kohinoor Leather Products Ltd.
M/s. Matrighor Ltd.
M/s. Misuji Leather Goods Bangla Ltd.
M/s. Peacock Crafts Limited
M/s. Picard Bangladesh Ltd.
M/s. Ramim Leather & Finished Goods Corporation
M/s. Rayan Crafts Ltd.
M/s. Remo Leather Products Ltd.
M/s. Rider Leather Bags & Luggage Factory Ltd.
M/s. SANWA Corporation Ltd.
M/s. Shimokawa Co. Ltd
M/s. Step luggage & Leather Goods Ltd.
M/s. US-Bangla Leather Products Ltd.
M/s. Venezia Crafts & Leathergoods
M/s. Walk Leather Products Ltd.
M/s. WINTEX GLOVES (DK) LTD
M/s. Yuko Leather Goods Ltd.
Source: (Leathergoods & Footwear Manufacturers & Export Association of Bangladesh)
In The Conclusion of Bangladesh Leather Goods Exporter:
According to industry inside currently, 220 tanneries, 2500 footwear manufacturing units and 90 large firms are involving in the leather and leather goods sector. And this sector is contributing 4% to the country’s total export earnings by exporting items to more than 50 countries. So, the exports will increase manifolds if the leather and leather goods sector meet the compliance standards and take initiatives to promote their products in the international market. At present, we earn about US$ 1.23 billion by exporting various leather products in FY2016-2017. And the government, however, has set a target to earn $5.0 billion from exporting leather, leather goods, and the footwear sector as part of the $60 billion overall export earnings by 2021.
Finally, we can say that the leather industry is evolving with great quality and also with the quantity. So, if we target to achieve our overall export earnings goal then we need to work together. So far we see that our tanneries are moving to Savar from Hazaribagh. And this procedure takes too long to execute. For now, it is an alarming situation for the leather industry. If this settles sooner then our production capacity will increase and we will reach our goal easily. So, we hope for the best to continue our prosperity.