Home / Knowledge / News / Leather exports add $400 mn to the economy
Leather exports add $400 mn to the economy
May '10
Jules Lampell, Chief of PRICE-USAID, while delivering a speech as Chief Guest at a workshop on 'Lender-Borrower Meet for SMEs in Leather Products', said that, Bangladesh's leather sector, ranked fourth with respect to the foreign exchange earnings, as it brings around 400 million worth of foreign exchange to the country's economy.

The sector embraces over 2,500 companies, majority of them being small-scale enterprises, while providing direct and indirect employment to over 740,000 people.

The workshop was arranged in Dhaka by the SME (Small and Medium Enterprise) Foundation at the Bengal Gallery.

Lampell stated that, even when the country's exports of crust and finished leather witnessed a fall last year, it still managed to witness a hike of 10 percent recording US $187 million in its footwear exports. Over and above this, a twofold rise was also seen in the exports of bags and other leather products.

In spite of all this, Abdul Wahab, a small entrepreneur from leather factory at Hazaribagh, expressed his discontent over the heavy interests charged by banks for advancing loans.

Generating newer opportunities for small entrepreneurs in the leather industry was the key aim of arranging such an interactive workshop, said Syed Rezwanul Kabir of SME Foundation.

He also added that, over the coming three months, they will be analysing the growth prospects of this workshop following which, problem areas will be identified and measures will be taken to resolve them.

Lately, a bank has introduced three more products, particularly intended for small industrialists. These products include programmes like EBL Uddom, which is meant to advance loans varying between Tk 1-5 million, while charging an interest rate of 16 percent per annum.

Under the scheme, loans will be provided to entrepreneurs without requiring them to mortgage their land or other properties.

Fibre2Fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search