Leather sector in doldrums, no new investment in sight

The leather industry has been struggling to attract new investments even though the government had designated leather ‘Product of the Year 2017’. The exports of leather and leather products fell significantly in the current financial year FY 2018–19 in the July–January period compared to the previous fiscal year 2017–18 (July–January). Most of the tannery owners blamed the lack of product variety and lack of vigilance on part of the tannery estate for hurting the growth prospects of the sector. They also said the environment has been badly affected at Savar as a result.