Bangladesh will set up three footwear and leather goods industrial parks. The aim is to meet local demand for footwear and leather goods as well as to boost export earnings. Investments in these three proposed industrial parks will highlight industries like footwear and leather goods especially handbags, belts and wallets.
There is a huge demand for footwear and leather goods in Bangladesh and a big chunk of these goods is being imported from China. This initiative is expected to lower reliance on imports. Each of the three industrial parks will be environment-friendly, having a competitive edge and with international standards where there will be facilities for a training institute, CETP and other facilities.
Exports of leather and leather goods from Bangladesh have rebounded after more than two years due to higher shipments to non-traditional markets. The value addition to leather products is another reason behind the positive export trend. Work orders are expected to further increase after a certification is attained from the global rights body Labor Working Group. The LWG certification is awarded to companies based on points awarded for factors such as treatment and less use of water, solid waste management, chemical use and labor welfare.