Monthly Archives: June 2012

BD set to be a rawhide importing country soon

Bangladesh is expected to be a rawhide importing country soon because of the increasing demand of its leather goods in the international market, industry insiders said.




The leather goods sector, in the July-May period of the current fiscal year (FY 2011-12), achieved over 60 per cent export growth despite a massive fall in overall export performance of the country, EPB (Export Promotion Bureau) data showed.

Following the increasing demand, most of the local tannery owners are now opting for export of different value added leather goods for more profits rather than shipping finished leather.

Besides, some of the export-oriented leather goods manufacturers have already started importing traditional rawhides from abroad to meet the increasing demand of their produce, the industry people said.

They also said that buy orders shifted from China and new investments to the sector have helped propel the export boom of leather goods of the country during the first eleven months of the current fiscal.

“If the trend of increasing buying orders continues, Bangladesh won’t need to export finished leather within a short period of time,” Managing Director of Apex Adelchi Footwear Limited Syed Nasim Manzur told the FE.

“We are very much optimistic that the country would need to import finished or rawhides in bulk immediately rather than exporting the same as the export of the countries value added products of leather goods has been increasing,” Manzur, also President of Leather-goods & Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) added.

“Buyers of leather goods are increasingly shifting to Bangladesh from countries like China and Vietnam, as we can ensure international standard, designs and competitive price,” former president of Bangladesh Tannery Association (BTA) Mohammad Shahin told the FE.

However, according to Board of Investment (BoI) statistics, in the last calendar year (2011), some 16 foreign entrepreneurs signed deals with it to invest US$ 15.122 million in footwear units in Bangladesh.

Tres International Footwear Ltd, Mynote Private Ltd, Yuko Lather Goods Ltd, Yuko Leather Goods Ltd, Anwara Shimokawa Co Ltd and Matrighor Ltd are among the prospective new investors.

Besides, 18 local companies including Earth Footwear Ltd, Sharif Melamine Ind Ltd and Amico Footwear Ltd invested nearly Tk 3.03 billion in the tannery and footwear sector in the last two years, the BOI statistics revealed.

The biggest Korean investor in Bangladesh, Youngone, is also installing the largest footwear production plant of the Asia region at Chittagong Export Processing Zone (CEPZ).

Trunks, suit-cases, handbags, shopping bags, belts, shoes, musical instrument cases, travelling bags, rucksacks, map-cases, cutlery cases and other conventional and non-conventional items were among the Bangladeshi items exported to different destinations across the globe.

Italy, New Zealand, Poland, the UK, Belgium, France, Germany, the USA, Canada and Spain are the main importing countries of Bangladeshi leather products.

Besides, India, Nepal, Australia and some other countries are emerging as potential importing nations of Bangladeshi leather goods, the data showed.

World’s renowned importers like Macy’s, Sears, JC Penney-USA, Deichmann-Germany, Bata-Italy, Aldo-Canada and ABC Mart-Japan are buying footwear from Bangladesh.

Country’s total export volume of leather products up to May of FY 2011-2012 was $ 83.28 million against the annual target of $ 69.57 million while it was $ 51.99 million in the corresponding period of FY 2010-11.

100 die, 250,000 stranded in Bangladesh floods

DHAKA, Bangladesh — At least 100 people have died and 250,000 were left stranded by flash floods and landslides in Bangladesh set off by the heaviest rain in years, police and officials said on Wednesday. The low-lying and densely populated … read more

With India’s leather exports overshooting the target of $4.2 billion in 2011-12, the fortunes of the industry appear to be on a rebound.

India’s leather industry is at tipping point today. The increasing disposable income of Indians and a wider choice to make fancy but value-for-money footwear have given it a fillip. On the other hand, the demand for leather goods is not … read more

Oil-hungry Bangladesh eyes domestic source

Along the river Piyain in Bangladesh’s land-locked northeastern Sylhet region, tourism and the sale of crushed rock for roads have long been the main drivers for the local economy. Stone workers wash stones collected from the river Piyain in Jaflong, … read more

The first ever of Local Industry Exports Solar Panel to Malaysia

Bangladesh has entered in the era of exporting solar panel as against huge quantity of import of the product from China in the recent years. Customs export sources said that Greenfinity Energy Ltd, a local private manufacturer, has exported the … read more

Political instability worries FBCCI

FBCCI President AK Azad on Saturday voiced concern over the ‘political instability and volatile economic condition’, and said the country is unlikely to be able to achieve the export target fixed for the outgoing fiscal year. Identifying political instability and … read more

Bangladesh trade show in July at Malysia

70 exhibitors comprising main players in various sectors are expected to take part in the showcase THE second Showcase Bangladesh will be held at Exchange Trade Centre International at Dataran Merdeka for three days beginning July 13. The showcase, featuring … read more

Bangladesh needs vibrant pvt sector

Bangladesh’s goal of becoming a middle-income country will only be achieved with the contribution of a healthy and vibrant private sector, German Federal Foreign Minister Guido Westerwelle, who arrives here today, said. It also depends on a favourable business climate … read more

$50 million deal inked for cleaner brick kilns

The Asian Development Bank (ADB) on Wednesday signed a $50 million deal with the government to help improve the environment by financing more energy-efficient brick kilns in Bangladesh. ADB’s Board of Directors approved the “Financing Brick Kiln Efficiency Improvement Project” … read more