Month: December 2018

Tanneries relocation, non-compliance at Savar Leather Park weigh on export earnings

Export earnings from crust leather saw 5.42% decline to $76.24 million, while leather products registered a 49% fall to $94.18 million. Pressing issues like relocation of tanneries from Hazaribagh to Savar and compliance requirements put a dent on export earnings from leather and leather goods, preventing the sector from tapping into the opportunity arisen from…

Leather industry showing rising investment graph

Investment in leather goods and footwear has been rising significantly, thanks to more and more foreign and Bangladeshi investors pumping in money as production cost has gone up in competitor countries, say industry insiders. Moreover, Bangladeshi entrepreneurs are investing in compliant factories to produce high-quality footwear that will eventually reduce the dependence on the import…

Apex opens ‘South Asia’s biggest’ shoe store

Apex yesterday opened what it says is the “biggest shoe store” in South Asia at Bashundhara City shopping mall in Dhaka. Syed Manzur Elahi, chairman of the footwear maker, inaugurated the showroom which is said to provide high quality premium footwear to customers. The 22,000 square feet store has been designed to enhance customer experience…

Industry sector contributes 33.71% of national income, says Amu

The industry sector now contributes to 33.71% of the national income of Bangladesh, up from 17.77% ten years prior. Industries Minister Amir Hossain Amu made the statement on Thursday while speaking at a press briefing highlighting the success of the Ministry of Industries in the last five years, organized by the Ministry of Industry (MOI),…